AJ Bell has reported net inflows rose 37% to £9.7bn for its full financial year to 30 September.
This was derived from gross inflows of £21.5bn, and brought total assets under administration up 22% to £126bn.
Favourable market movements accounted for £13bn.
Customer numbers also rose significantly, with the total up 24% to 796,000. Within this, advised customers rose 7% to 194,000 and non-advised climbed by 30% to 602,000.
AJ Bell Investments booked net inflows of £1.9bn, up 46% on the previous year. Total assets under management reached a record £12.1bn.
Michael Summersgill, chief executive (pictured), said: “I am delighted to report an excellent year in which we achieved record customer growth, record gross and net inflows and record assets under administration.
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“At the start of the year, we outlined our intention to accelerate growth through increased investment in brand, marketing and platform propositions.
“Record growth during the year provides clear evidence of the success of that approach, as we continued to attract high-quality customers who are long-term investors with significant potential to grow their assets over time.
“Our long-term growth opportunity remains significant, with the structural drivers supporting the platform market firmly in place. We look forward to announcing our annual results in December for what has been another successful year.”
This story was written by our sister-title, Portfolio Adviser
