AJ Bell, one of the UK’s largest investment platforms, today announced it had signed up another 50,880 customers in the financial year to 30 September.
The company recorded £4.2bn of customer inflows to its platforms, down slightly from the figure of £5.8bn recorded for the period last year.
Total assets under administration (AUA) hit a record £70.9bn at the end of September, up 11 per cent year-on-year driven by “the net inflows across the platform and favourable market movements of £2.6 billion”.
AJ Bell’s revenue for the year totalled £218.2m, up 33 per cent, while profit before tax jumped 50 per cent to £87.7m.
Off the back of these impressive figures, the group announced a 46 per cent final dividend increase taking the annual payout to 10.75p per share.
Michael Summersgill chief said: “I am pleased to report another year of strong financial performance for the business which has demonstrated our ability to continue to grow in different market conditions.”
He added: “Whilst the current challenging environment is likely to persist in the short term, I am confident that our long-term focus and continued investment in the business positions us well to take advantage of the structural growth opportunity for the platform market.”