AJ Bell's pre-tax profits dip as dealing returns to normal - latest results

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AJ Bell's pre-tax profits dip as dealing returns to normal - latest results

AJ Bell's pre-tax profits decreased to £26.1m in the six-month period ended 31 March 2022, as compared to £31.6m in HY21, according to its interim results. The decrease in pre-tax profits was due to the lower revenue margin earned on assets coupled with increased investment in its brand, technology and propositions to support its long-term growth strategy, it said. It reported net inflows of £2.8 bn and assets under administration (AUA) closing at £74.1bn, achieved against "a very diffe...