AJ Bell platform assets hit record £76.2bn as inflows soar 62%

Investment business AUM reaches £5bn

Net inflows into AJ Bell’s platform swelled by more than 62% year-on-year, compared to the same period in 2022.

In a trading statement covering the final quarter of 2023 published today (18 January), the firm said its  platform business recorded net inflows of £1.3bn, up from about £800m last year. This contributed to a significant rise in assets under administration - 15% over the last year and 7% in the quarter - to a record £76.2bn. AJ Bell reports 'strong' results with 50% jump in pre-tax profits The platform also saw an increase in customer numbers by 8,000 to 484,000 - up 12% over the year and 2% in the quarter, comprising 323,000 D2C customers - a 13% annual and 2% quarterly increase ...