AJ Bell's investment business enjoyed an increase in assets under management during the three months to June 2023, while the platform continued to add new customers.
In its latest quarterly trading update, the company reported an rise in AUM in its investment business, hitting £4.3bn in total. This put the overall AUM increase for the year up by 72% as the firm saw net inflows in the quarter of £400m, up 33% on the prior year. AJ Bell's platform reached a record £69.8bn in assets under administration and added 10,606 new customers in the period, an increase of 2% for the quarter and 12% new customer growth in the past 12 months. AJ Bell: 2023 'on track' to be third best year for cash returns from FTSE 100 The platform business attracted £1.1bn...
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