AJ Bell's AuA dips 2% despite positive flows

In the firm's annual results released this morning (20 October) AJ Bell reported resilient, if lower, flows during the 12 month period to the end of September. Net inflows of £5.8bn compared to £7bn for the previous fiscal year and £4.9bn for the 2020 fiscal year. However, the company's assets under administration still fell 2% to £64.1bn because of "adverse market movements" of 11%. AUM of AJ Bell Investments increased during the period, up 27% to £2.8bn, due to net inflows of £1.05bn. Jupiter initiates share buyback as AUM takes hit despite slowing outflows Total customer numb...