(Sharecast News) - Second quarter assets under administration at investment platform AJ Bell fell 12% as markets plunged due to the Covid-19 pandemic.
The fall in AUA offset a 9% rise in customer numbers to 262,179. Platform underlying net inflows, representing organic growth in the quarter, increased by 75% over the prior year to ?1.4bn, and AUA closed at ?42.0bn, up 3% over the last year and down 11% in the quarter.
Platform underlying net inflows, representing organic growth in the quarter, increased by 75% over the prior year to ?1.4bn.
AJ Bell (AJB)Today 09:15
Jefferies downgrades AJ Bell after share price rally
(Sharecast News) - Jefferies downgraded its stance on AJ Bell on Friday to 'hold' from 'buy' after a circa 30% rally in the shares this year.
