AJ Bell reports 'strong' results with 50% jump in pre-tax profits

33% increase in revenue

clock • 3 min read

Investment platform AJ Bell recorded a 33% increase in its revenue for its final results for the year, growing from £163.8m in 2022 to £218.2m.

Covering the year ended 30 September 2023, AJ Bell reported that its pre-tax profits were up 50% for the period, increasing from £58.4m last year to £87.7m now. The company also saw an almost 60,000 increase in customers for its D2C/DIY customer numbers combined, now sitting at 476,532. This combined with net inflows of £4.2bn, a decrease on the previous results which saw £5.8bn. AJ Bell D2C and investment head Doran departs for CIO role at Lloyds Meanwhile, AJ Bell Investments, the investment hub of the firm, recorded a 68% jump in its assets under management, from £2.8bn to £4...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Trustpilot