AJ Bell Profits Rise in First Results

Profit up 27% in the investment platform's first results as a listed company

James Gard 23 May, 2019 | 11:07AM
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AJ Bell's Andy Bell

Shares in AJ Bell (AJB) slid today despite the investment platform posting a 27% rise in pre-tax profits in the first half of its financial year and the first results published since it floated in December.

The FTSE 250 firm said the number of retail customers had increased by 9% to 214,853 during the period. The number of Youinvest platform users rose 10% in the six months but the number of customers not using the platform dropped 5%. Assets under administration (AUA) rose 3% in in the period to £47.7 billion, of which £40.6 billion is held on the investment platform.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aberdeen Smaller Companies Inc Ord396.50 GBP0.00Rating
AJ Bell PLC402.40 GBP0.00
Hargreaves Lansdown PLC1,424.50 GBP0.00
Invesco UK Eq High Inc UK Z Acc279.01 GBP0.09Rating
Invesco UK Equity Inc UK Z Acc285.37 GBP0.17Rating
LF Equity Income C Sterling Acc3.45 GBP0.00
VT Momentum Diversified Growth B Acc217.94 GBP0.15Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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