AJ Bell reports 20% annual rise in AUA

AJ Bell has grown its assets under administration (AUA) to £108.7bn, a figure up 20 per cent over the last year.

The investment platform, reporting a trading update for its Q2 period, confirmed the figure also marked a one per cent rise over the quarter.

AJ Bell acknowledged that “market movements” had reduced its AUA growth by two per cent in the quarter, stating that AUA levels currently reflect “ongoing market volatility”.

The company still reported record growth in customer numbers in Q2, which covered the three-month period to 31 March. The company’s total customer count increased by 50,000 to close the period at 723,000, a figure up 22 per cent in the last year and seven per cent across the quarter.

Gross inflows in AJ Bell’s Q2 reached £5.6bn, which represented a 40 per cent surge compared to the same period last year, when they totalled £4bn. The investment platform’s net inflows of £2.7bn in the quarter marked a 42 per cent jump compared to the Q2 last year, from £1.9bn in the corresponding period.

AJ Bell CEO, Michael Summersgill, commented that the increase in new customers reflects the investment platform’s “low cost propositions, ease of use and trusted brand”.

“Whilst recent market volatility impacted asset values at the end of the quarter, customer appetite to invest remained strong in the run up to the tax year-end,” Summersgill said.

“The UK platform market continues to offer significant structural growth opportunities, and our diversified revenue model and highly scalable business model position us well to continue to invest for long term, sustainable growth.”

AJ Bell confirmed that it will announce its interim results covering its H1 period on 21 May 2026.

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