23rd Apr 2026 10:49
(Alliance News) - AJ Bell PLC on Thursday reported strong growth in customer numbers and a healthy increase in assets under administration in its latest quarter.
Despite this, shares in the Manchester, England-based retail investment platform eased 0.5% to 551.00 pence each in London on Thursday.
AJ Bell reported record growth in customer numbers, increasing by 50,000 in the quarter to close at 723,000, up 22% in the last year and 7% in the quarter to March, the second of its financial year.
Assets under administration increased 20% on-year to GBP108.7 billion, and by 0.6% on-quarter, with record gross and net inflows on the platform.
Gross inflows in the quarter rose 40% to GBP5.6 from a year ago, with net inflows up 42% to GBP2.7 billion.
AJ Bell said AUA levels reflect ongoing market volatility, with market levels improving post quarter end.
"Whilst recent market volatility impacted asset values at the end of the quarter, customer appetite to invest remained strong in the run‑up to the tax year-end," Chief Executive Michael Summersgill said.
AJ Bell expects to announce interim results for the six months ended March on May 21.
By Jeremy Cutler, Alliance News reporter
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