AJ Bell, one of the UKs largest investment platforms, has released a positive trading update for the quarter ended December 31, 2024. The companys platform business saw a 16% increase in customer numbers year-over-year, with total assets under administration (AUA) reaching a record £89.5 billion, a 17% increase. Gross and net inflows also increased year-on-year, with net inflows of £1.4 billion. AJ Bell Investments, the companys asset management division, saw assets under management (AUM) grow to £7.2 billion, a 38% increase, with net inflows of £0.4 billion. The companys dual-channel model and competitive pricing have contributed to its strong performance, and it remains focused on the long-term growth opportunity in the platform market.
| Year | Customer Numbers | Total Advised Customers | Total D2C Customers | Assets Under Administration (AUA) | Assets Under Management (AUM) | Gross Inflows | Net Inflows |
|---|---|---|---|---|---|---|---|
| 2024 Q1 | 561,000 | 174,000 | 387,000 | £89.5 billion | £7.2 billion | £3.6 billion | £1.4 billion |
| 2023 Q1 | 484,000 | 161,000 | 323,000 | £76.2 billion | £5.2 billion | £2.7 billion | £1.3 billion |
| Change | 16% | 8% | 20% | 17% | 38% | 33% | 8% |