Summary
AJ Bell's platform business grew to 762,000 customers in Q3, up 23% year-on-year, with record net inflows of £3bn, up 43% versus the prior year. Gross inflows reached £6bn, up 50% annually. Assets under administration climbed to £121.5bn, up 26% year-on-year. The investment arm also performed strongly, with assets under management reaching £11.4bn and record quarterly net inflows of £0.8bn.
Chief executive Michael Summersgill said the quarter demonstrated strong demand for the firm's low-cost propositions, with the direct-to-consumer platform attracting 37,000 new customers and recording its strongest inflows. AJ Bell cut its core multi-manager portfolio service charge from 0.15% to 0.12% from October 2026. The group previously raised full-year profit forecasts and plans to invest more in brand and marketing in the second half while delivering materially higher profitability.
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Common questions
- What is this article about?
- Manchester investment platform AJ Bell delivered record net inflows of £3bn in the third quarter to June 2026, lifting assets under administration to £121.5bn. The firm raised full-year profit forecasts two months ago and plans increased marketing spend in the second half.
- When was this published?
- This article was published on 23 July 2026.
- Who published this article?
- This article was published by TheBusinessDesk.