AJ Bell Q1 customer numbers up as AUA slumps on Covid woes
AJ Bell
309.50p
16:44 25/04/24
-0.16%
-0.50p
Second quarter assets under administration at investment platform AJ Bell fell 12% as markets plunged due to the Covid-19 pandemic.
Financial Services
13,969.36
17:09 25/04/24
0.80%
111.28
FTSE 250
19,601.98
17:09 25/04/24
n/a
n/a
FTSE 350
4,434.34
17:09 25/04/24
n/a
n/a
FTSE All-Share
4,387.94
16:49 25/04/24
n/a
n/a
The fall in AUA offset a 9% rise in customer numbers to 262,179. Platform underlying net inflows, representing organic growth in the quarter, increased by 75% over the prior year to £1.4bn, and AUA closed at £42.0bn, up 3% over the last year and down 11% in the quarter.
Platform underlying net inflows, representing organic growth in the quarter, increased by 75% over the prior year to £1.4bn.