AJ Bell has reported a net inflow of £4.2bn for the full year, bringing total assets on the investment platform up to £71bn.
Customer numbers increased by 50,880 (12%) to close the year at 476,532.
AJ Bell’s Investments division booked a net inflow of £1.65bn, up 57% on last year. Total assets reached £4.7bn, which was 68% higher.
Chief executive Michael Summersgill commented: “Our dual-channel model, which serves the needs of both advised and DIY investors, once again demonstrated its strength as we delivered over £4bn of net inflows onto our investment platform.
“Our investments business enjoyed another year of significant growth, fuelled by strong demand from advisers and customers for our straightforward and low-cost investment range.
“The long-term growth drivers of the investment platform market remain strong, and we look forward to announcing the annual results for what has been another successful year for AJ Bell in December,” he added.