Business
Trading Update
Trading Update.
About this update from Aj Bell Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7195T\n AJ Bell PLC\n 29 March 2021\n \n \n \n \n 29 March 2021\n \n \n AJ Bell plc\n \n \n Trading update\n \n \n \n \n \n AJ Bell plc (\"AJ Bell\" or the \"Company\"), one of the UK's largest investment platforms, today issues a trading update in respect of the first half of its current financial year ending 30 September 2021.\n \n \n \n \n \n In its 2020 annual results announced on 3 December 2020, the Company highlighted the high levels of new customers and record levels of dealing activity by D2C customers in the year ended 30 September 2020. The Company has continued to see strong customer acquisition in the first half of the current financial year and dealing activity by D2C customers has remained at elevated levels throughout. \n \n \n \n \n \n Although dealing activity is expected to moderate from current levels in the second half, management currently expects revenue for the year ending 30 September 2021 to be \n at least £6.0 million above current market consensus1.\n \n \n \n \n \n The Company will provide a further update on customer numbers, assets under administration and assets under management in its scheduled Q2 trading update on 22 April 2021. \n \n \n \n \n \n \n \n \n \n 1\n \n As at 26 March 2021, Company compiled consensus revenue for the year ending 30 September 2021 was £136.0 million. Further details are available at \n \n ajbell.co.uk/investor-relations/analyst-consensus\n \n \n \n \n \n \n \n Contacts:\n \n \n \n \n \n AJ Bell \n \n \n \n \n \n · \n Shaun Yates, Head of Investor Relations +44 (0) 7522 235 898\n \n \n · \n Charlie Musson, Head of PR +44 (0) 7834 499 554\n \n \n \n \n \n About AJ Bell:\n \n \n Established in 1995, AJ Bell is one of the largest investment platforms in the UK.\n \n \n We operate in both the advised and direct-to-consumer segments of the platform market and our flagship platform propositions are AJ Bell Investcentre (adviser) and AJ Bell Youinvest (direct-to-consumer).\nWe offer SIPPs, ISAs and General Investment / Dealing Accounts which provide access to a broad investment range including shares and other instruments traded on the major stock exchanges around the world, as well as all mainstream collective investments available in the UK and our own ran...