Company
AJ Bell PLC
LON:AJB
AJ Bell is one of the UK’s largest providers of online investment platforms and stockbroker services. With more than 111,500 clients and assets under administration exceeding £26.1 billion, we succeed by providing award-winning investment products, backed up with excellent service and online functionality at a low cost. Our head office is in Manchester, and we also own a specialist financial publishing business called AJ Bell Media in London, as well as a stockbroking business in Tunbridge Wells.
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FTSE 100 just misses record; US mixed ahead of Fed rate call
London's blue chips crept closer to a record on Wednesday
AJ Bell and Hargreaves Lansdown face profit slump after cash warning, says Citi
“We estimate that c90% of AJ Bell's profits come from NII versus c65% for Hargreaves Lansdown"
Ten years on, has the AIM ISA delivered for investors?
Schrodinger's tax bill adds another layer of risk for AIM investors
City deregulation may lead to lower quality
Prepare for trainer-wearing ruffians, warns analyst
FCA open to suggestions how funds should deal with crypto, AI and ETFs
How to use artificial intelligence and machine learning is also part of the consultation
AJ Bell reports net inflows in Q4 despite 'slowdown' due to cost of living crisis
Total platform customer numbers rose to 425,652 from just under 368,000 over the year
Archive
FTSE 100 closes ahead after Liz Truss resignation; sterling gains
Britain's blue-chip benchmark finished Thursday ahead by nearly 19 points, or 0.27%, at 6,944
AJ Bell founder to leave board sooner than expected
Andy Bell said he has "complete confidence" in his replacement CEO Michael Summersgill and the wider management team and will "remain a committed long-term shareholder"
AJ Bell founder steps down as CEO
Successor Michael Summersgill was identified as a potential CEO “several years ago”
Cheap growth stocks for the picking
AEW UK, AJ Bell, Ferrexpo, Tritax Big Box REIT and Zalando are the picks
AJ Bell justifies valuation premium with increased full-year guidance
AJ Bell has greater potential to maintain, if not raise, revenue margins in the future compared to Hargreaves Lansdown and IntegraFin, given the much lower starting point, Liberum Capital said.
AJ Bell says direct investor flows fall amid cost-of-living squeeze
Total net inflows were £1.5bn, roughly the same as a year earlier
Why is there a flurry of takeovers in the wealth management sector?
The likes of RBC and abrdn got in early before having to pay at a premium, and possibly set the trend for the market
Nearly half of crypto investors don’t have an ISA
It discovered that nearly four in 10 don’t have a pension
AJ Bell "well positioned to deliver further growth"
"We are well positioned to deliver further growth in both the advised and D2C [directly to customer] markets and we approach the traditionally busy tax year end period with optimism."
AJ Bell sees rush of new customers amid boom in first-time investors
The pandemic has seen a growing number of people wanting to invest for the first time
Archive
FTSE 100 falls flat as pandemic pressures weigh on global mining stocks
The UK blue chip index goes into reverse again but US markets move ahead despite the country's first Omicron case
Youth likely to be the focus for AJ Bell in Thursday’s results
Thursday sees final from AJ Bell, Auction Technology and an AGM update from Ferguson
AJ Bell leaves crypto out of new low-cost trading app
The company's chief investment officer said that crypto should be “nowhere near rational portfolios"
AJ Bell to offer commission-free investment dealing
The new app, known as Dodl, will initially offer UK shares, funds and tax wrapper products
AJ Bell seeks new chief financial officer after internal promotion
The trading platform is going through a board reshuffle
AJ Bell hails pension demand as assets top £70bn
The last three months saw 6% more users quarter-on-quarter
AJ Bell continues to grow market share
"We have a resilient business model, our financial position is strong, we continue to grow market share and the outlook for the business remains positive," said CEO Andy Bell
What it means to be a young investor in 2021
Investment platforms are experiencing a boom in younger users - how do they manage their portfolios?
Boom in number of younger customers continues, says AJ Bell
"Our assets under administration surpassed £65 billion for the first time and momentum remains strong going into the second half of our financial year," said chief executive officer, Andy Bell
Aquis Exchange stocks now available on AJ Bell's platform
“Many customers have told us they want to be able to trade stocks listed on Aquis Stock Exchange"
AJ Bell expects revenues to top forecasts as share dealing activity remains elevated
The investment and pensions platform said it had continued to see strong customer acquisition in recent months
AJ Bell snaps up financial adviser solutions provider
The Adalpha team is working on a simplified, mobile-focused platform service that will broaden AJ Bell's offering to financial advisers
AJ Bell numbers accelerate ahead of busy SIPP and ISA period
AJ Bell Investments, the fund management arm, recently launched its first product in the ESG space, which was its most successful yet
AJ Bell faces ongoing headwinds but no longer a sell for Berenberg
The analysts forecast slower new customer growth and lower transactional revenue for the current year
FTSE 100 dividends tipped for 18% rebound in 2021
"As a reflection of this gathering optimism, dividend forecasts for the year (2020) have increased by 6% in the fourth quarter to £59.9bn"
AJ Bell hikes dividend as profits climb higher than expected
“The long-term growth drivers of the platform market remain strong, with customers increasingly looking for good value, online solutions and we are well positioned to benefit from those trends,” said CEO Andy Bell
Archive
AJ Bell and Countryside Properties in spotlight on Thursday
AJ Bell and Countryside Properties among the names in Thursday's diary.
The rise of the millennial investor
One investment platform reported that 22% of new customers in the first half of 2020 were aged between 21 and 30, compared to 13% of the customer base
AJ Bell grows platform assets 11% thanks to acceleration in direct customers
Numbers of customers on the investment platform increased organically by 29% to 281,094
AJ Bell sets up bank account platform as trading booms sees profits soar
Profits in the year to September 30, 2020, will be at least £2.5mln above the current market consensus of £43.4mln
AJ Bell slips after Invesco AM sells large stake
Invesco sold a 7.6% stake that was a legacy of Neil Woodford's time at the funds group
AJ Bell maintains dividend but keeps mum on current trading
Revenues in the six months to March rose by 22% to £60.9mln with pre-tax profits 28% higher at £22.7mln
AJ Bell sees record sign-ups as investors shrug off market turbulence
Customer numbers were 9% higher to just over 248,000 while new money inflows jumped 30%
ISA season 2020: time for caution and cash or coronavirus bargain hunting?
“Clearly this ISA season has been interrupted, both from a personal movement and stock market point of view”
Coronavirus crisis turns the spotlight onto corporate debt
A 2019 report from the OECD warned that the effects of a recession could be "amplified" by the popping of a corporate debt bubble of over US$13trn
AJ Bell downgraded to ‘hold’ as Berenberg warns firm likely to face “larger downgrades” amid market weakness
The bank said the investment platform would come under pressure from "both falling interest rates and its direct-to-consumer exposure"
Robinhood app fails again as Wall Street tumbles
Robinhood claims to have 10mln US customers and is preparing to launch a UK app this year
AJ Bell slips on slower growth in quarterly flows
The investment platform saw 4% in customer numbers, while assets rose 5% quarter-on-quarter to £47.2bn
AJ Bell dips as directors trouser £25.7mln from discounted placing
Those selling shares included AJ Bell’s chairman, Leslie Platts, and its chief financial officer, Michael Summersgill
AJ Bell profits and dividend up in line with forecasts
“The structural growth drivers for investment platforms in the UK remain strong,” said founder Andy Bell