AJ Bell posts 22% AUA increase despite ‘unhelpful’ Budget uncertainty
AJ Bell’s investments arm saw £1.5bn net inflows in the year to 30 September
AJ Bell’s investments arm saw £1.5bn net inflows in the year to 30 September
$7bn withdrawal from a single client had been flagged in Man Group’s half-year results in July
The firm’s wealth management arm saw net outflows of £891m, while asset management achieved inflows of £67m
Full half-year results to be released on 13 November
Key events for wealth managers for the week beginning 2 September
Net inflows including cash were €2.3bn (£2bn)
Firm will implement fee changes from early 2024
Closing FUM of £16.85bn versus £16.79bn at the end of the previous quarter
Income for the model portfolio service grew 18.5% in the final three months of 2020
Firm is linking salaries more closely to company success as coronavirus hits profitability
‘Good results despite the softer market’
Assets hit £46.1bn after strong momentum from advised and D2C markets