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
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.
116 stories · page 5 of 6
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