In a notable financial achievement, AJ Bell has reported a substantial increase in its platform assets under administration (AUA), rising by 22% to reach £86.5 billion by the end of September 2024.
- The trading update highlighted enhanced retail investor confidence and increased platform investments as key drivers behind the impressive inflow of assets.
- AJ Bell’s gross inflows for the year were reported at £13.1 billion, marking a significant 41% increase compared to the previous year.
- Net inflows also saw a healthy rise, with a 45% increase, reaching £6.1 billion this year.
- A favourable market movement contributed an additional £9.5 billion, equating to around 13% of the opening AUA.
In a notable financial achievement, AJ Bell has announced a remarkable increase in its platform assets under administration (AUA). The AUA rose by an impressive 22% over the span of twelve months, reaching a substantial total of £86.5 billion by the close of September 2024. This growth underscores the platform’s robust performance within the financial sector.
The company’s latest trading update, released on 17 October 2024, attributes this growth to a notable surge in retail investor confidence. Additionally, a significant upswing in investments into the platform played a crucial role in driving these figures upwards. This suggests a positive investor sentiment towards the platform’s offerings.
AJ Bell’s platform benefitted from gross inflows totalling £13.1 billion over the past year, which is an impressive 41% rise compared to the £9.3 billion recorded in 2023. This increase denotes a growing trust and interest among investors in AJ Bell’s financial platform as a viable option for asset management.
Similarly, net inflows exhibited a significant increase, achieving £6.1 billion in 2024 — a 45% rise from the £4.2 billion recorded the previous year. This indicates a net gain after accounting for withdrawals, further signifying AJ Bell’s strengthening position in the marketplace.
Moreover, the platform witnessed favourable market movements that contributed an additional £9.5 billion, which corresponds to approximately 13% of the initial AUA at the beginning of the year. This boost reflects the market’s positive reception and could lead to further investor confidence moving forward.
AJ Bell’s substantial growth in AUA reflects both market confidence and strategic investment, signalling a promising future for the platform.
