AJ Bell profits surge as it adds 50,000 new customers
Assets under administration (AUA) climbed 11% to £70.9bn
Assets under administration (AUA) climbed 11% to £70.9bn
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Key events for UK wealth managers for the week starting 27 November
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Firm reached year-end target £15bn FUM in first half
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Assets under management fell 12% over the six months to £27.7bn.
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Gross inflows were up 38% to £1.8bn
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Net inflows including cash were €2.3bn (£2bn)
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The firm booked new business of £600m in first quarter
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Customer numbers increased by 50,880 to 476,532
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AUMA at £101.4bn on 30 September
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Firm will implement fee changes from early 2024
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Assets dipped 5.8% to £37.4bn in last three months
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Operating profit fell to £113.5m from £234.8m
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