Business
Q1 Trading Update
AJ Bell plc reported a strong start to the financial year ending December 31, 2025, with platform customer numbers increasing by 20% year-on-year to 673,000, and platform assets under administration reaching a record £108.0 billion, up 21%. Gross inflows for the quarter were £4.6 billion, a significant increase from £3.6 billion in the prior year, while net inflows were £1.5 billion, up from £1.4 billion. AJ Bell Investments saw assets under management grow to £9.5 billion, with net inflows of £0.3 billion for the quarter. The sale of the Platinum SIPP and SSAS business was completed, transferring £3.3 billion in assets. Disclaimer*
About this update from Aj Bell Plc
[{"type":"text","content":"\n\n22 January 2026\nAJ Bell plc\nQ1 trading update\n \nAJ Bell plc (\"AJ Bell\" or the \"Company\"), one of the UK's largest investment platforms, today issues a trading update in respect of the three months ended 31 December 2025.\n \nPerformance overview\nPlatform business\n\n\n\n\n· \n\n\nCustomer numbers increased by 29,000 to close at 673,000, up 20% in the last year and 5% in the quarter\n\n\n\n\n\n\n\no Total advised customers of 185,000, up 6% in the last year and 2% in the quarter\no Total D2C customers of 488,000, up 26% in the last year and 6% in the quarter\n\n\n\n\n· \n\n\nRecord platform assets under administration (\"AUA\") of £108.0 billion, up 21% in the last year and 5% in the quarter\n\n\n\n\n· \n\n\nA year-on-year increase in gross and net inflows across the platform, inclusive of a greater impact from UK Budget uncertainty compared with 2024\n\n\n\n\n\n\n\no Record gross inflows in the quarter of £4.6 billion (2024: £3.6 billion)\no Net inflows in the quarter of £1.5 billion (2024: £1.4 billion)\n\n\n\n\n· \n\n\nFavourable market movements of 3% of opening AUA\n\n\n\n\nAJ Bell Investments\n\n\n\n\n· \n\n\nAssets under management (\"AUM\") increased to £9.5 billion, up 32% in the year and 7% in the quarter\n\n\n\n\n· \n\n\nNet inflows in the quarter of £0.3 billion (2024: £0.4 billion)\n\n\n\n\nNon-platform business\n\n\n\n\n· \n\n\nThe sale of our Platinum SIPP and SSAS business completed on 3 November 2025, with AUA of £3.3 billion and 3,400 customers transferring from the non-platform business to InvestAcc Group Limited\n\n\n\n\n \nMichael Summersgill, Chief Executive Officer at AJ Bell, commented:\n\"I am pleased to report a strong start to the financial year, delivering record levels of gross inflows onto both our advised and D2C platform propositions and attracting 29,000 new platform customers. This excellent customer growth reflects the impact of ongoing investment in our brand and platform propositions.\n\"We continue to invest to accelerate growth. Ahead of the tax year end, we recently launched a new multi‑channel brand advertising campaign, building on the su...