AJ Bell sees 20% revenue jump boosted by record new customers

AJ Bell, one of the UK's largest investment platforms, saw revenue soar by a fifth (21%) from £60.9m to £73.9m in interim results today (27 May) for six months to 31 March 2021. Profit before tax was up 39% to £31.6m (HY20: £22.7 million), while total customers increased by a record 51,492 in the period, up 32% over the last 12 months and 17% in the first half of the current financial year. Total net inflows of £3.1bn (HY20: £2.1bn) were driven by platform net inflows of £3.3bn (HY20: £2.5bn). Assets under administration (AUA) were up 35% over the last 12 months and 15% in the firs...