AJ Bell reports 'strong' results with 50% jump in pre-tax profits

33% increase in revenue

Investment platform AJ Bell recorded a 33% increase in its revenue for its final results for the year, growing from £163.8m in 2022 to £218.2m.

Covering the year ended 30 September 2023, AJ Bell reported that its pre-tax profits were up 50% for the period, increasing from £58.4m last year to £87.7m now. The company also saw an almost 60,000 increase in customers for its D2C/DIY customer numbers combined, now sitting at 476,532. This combined with net inflows of £4.2bn, a decrease on the previous results which saw £5.8bn. AJ Bell D2C and investment head Doran departs for CIO role at Lloyds Meanwhile, AJ Bell Investments, the investment hub of the firm, recorded a 68% jump in its assets under management, from £2.8bn to £4...