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The latest update is out from AJ BELL PLC ( (GB:AJB) ).
AJ Bell PLC reported a robust performance in its Q1 trading update, with the platform reaching a record 561,000 customers and £89.5 billion in assets under administration. The company experienced significant inflows, particularly in its D2C segment, driven by increased brand awareness and competitive pricing. The investments segment saw its assets under management surpass £7 billion, continuing to perform well. The strong start to the financial year positions AJ Bell favorably ahead of the tax year-end period, emphasizing the benefits of its dual-channel model and its potential for long-term growth in the platform market.
More about AJ BELL PLC
Established in 1995, AJ Bell is one of the largest investment platforms in the UK, providing services in both the advised and direct-to-consumer markets. The company offers easy access to various investment products like Pensions, ISAs, and General investment accounts, alongside competitive charges. AJ Bell operates two core platforms: AJ Bell for the D2C market and AJ Bell Investcentre for the advised market, providing a broad range of investment options. The company also offers AJ Bell Dodl, a low-cost investment app, and a Cash savings hub to help customers manage long-term cash deposits.
YTD Price Performance: 0.99%
Average Trading Volume: 980,137
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.89B
Learn more about AJB stock on TipRanks’ Stock Analysis page.
