Stock of the Week: AJ Bell

Shares in the investment platform have soared since the 2018 flotation and it's held by a range of income, growth and sustainable funds

James Gard 26 March, 2021 | 11:26AM

Stock of the Week

Our latest stock of the week features Britain’s listed Isa providers and our Twitter followers have chosen AJ Bell (AJB) ahead of providers like Hargreaves Lansdown (HL.) and St James’s Place (STJ). AJ Bell is a relatively newcomer to the stock market, floating in November 2018, and offers Isas, Sipps and its own funds direct to consumers and via financial advsiers.

Like other investment platforms, AJ Bell has benefited from the increased interest in trading during the pandemic, and saw customer numbers increase by 30% to 312,309 by the end of December. Assets under administration (AUA), a key metric for platforms, rose 14% to £62.5 billion. For comparison, the UK’s largest platform, Hargreaves Lansdown has around 1.5 million clients, and AUA of £120 billion.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

James Gard  is content editor for Morningstar.co.uk

 

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