AJ Bell celebrates increase in inflows as number of customers grows

(Alliance News) - AJ Bell PLC on Thursday said the UK government's commitment to boost the culture of retail investing was an "encouraging step," as it reported higher net inflows.

The Manchester-based retail investment platform provider said net inflows were GBP1.9 billion in the first quarter of 2025, up 19% from GBP1.6 billion a year prior.

Gross inflows climbed 18% on-year to GBP4.0 billion from GBP3.4 billion.

The number of total advised customers grew by 7% on-year and by 2% quarterly to 177,000.

Chief Executive Officer Michael Summersgill said: "The UK government's commitment in the spring statement to boost the culture of retail investing through both ISA reform and the ongoing work on Targeted Support was an encouraging step.

"We believe a powerful combination of straightforward reforms, centred on implementing targeted support and simplifying cash and stocks and shares individual savings accounts into a single product, would significantly reduce the barriers between saving and long-term investing."

Looking ahead, he said: "Whilst recent volatility has impacted market levels, we have a proven track record of growing across different market conditions. There remains a significant structural growth opportunity in the UK platform market and our well-diversified revenue model enables us to continue to invest in our propositions and brand to drive long-term growth."

AJ Bell expects to release half-year results on May 23.

AJ Bell shares were 1.0% higher at 427.00 pence each on Thursday morning in London.

By Tom Budszus, Alliance News slot editor

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