AJ Bell profits rocket 29% in record performance
AJ Bell Investments grew AUM by 45%
AJ Bell Investments grew AUM by 45%
Outflows increased by 6,204% compared to 2023
Group will launch £4.5m in cost-saving measures over the coming months
Follows £3.1bn net outflows in Q3 results last month
CEO Dan Olley said the business remains ‘as committed as ever’ to supporting clients
Total asset up 12.8% versus the £55.6bn logged on 30 September 2023
Investments arm saw £1.5bn net inflows in the year to 30 September
Net outflows for Q1 stood at £0.1bn, representing 0.7% of funds under management
Core net inflows of £1.5bn, representing 5% of opening assets under management and advice
Total outflows increased to £2.1bn in the first half of its financial year
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
The firm supplies UK investment platforms including Fidelity International’s