AJ BELL PLC ( (GB:AJB) ) has shared an announcement.
AJ Bell PLC has announced the sale of its Platinum SIPP and SSAS business to InvestAcc Group Limited for up to £25 million. This strategic move allows AJ Bell to streamline its operations and concentrate on its core platform business, enhancing its capital position and aligning with its growth strategy in the UK investment platform market. The transaction is expected to complete in the second half of 2025, with no impact on the company’s FY25 guidance. InvestAcc is set to integrate the acquired business, ensuring continued high-quality service for existing customers.
More about AJ BELL PLC
AJ Bell PLC operates in the financial services industry, primarily focusing on providing investment platform services. The company offers easy-to-use, low-cost platform propositions aimed at both advised and direct-to-consumer market segments in the UK.
YTD Price Performance: -5.21%
Average Trading Volume: 907,235
Technical Sentiment Signal: Sell
Current Market Cap: £1.71B
Learn more about AJB stock on TipRanks’ Stock Analysis page.