AJ Bell UK financial services platform records £83.7bn AUA, gains 25,000 customers, and surpasses £6bn in total AUM.
AJ Bell, a UK financial services platform, recorded a record £83.7bn assets under administration in Q2, with customer base rising by 25,000 to 528,000. The growth is attributed to customer migration and recent price cuts for direct-to-consumer (D2C) customers, along with strong stock market performance and serving both advised and D2C markets. The company's investments business saw net inflows of £0.4bn, leading total assets under management to surpass £6bn for the first time.
July 18, 2024
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