AJ Bell shares drop despite 143% surge in inflows for investments arm

Platform AuA down 3% over last year

AJ Bell reported a significant increase of inflows into its investment arm in the quarter. However, shares in the company fell as assets under administration in the platform dropped over the last year.

During the three months to 31 December, the firm said net inflows into AJ Bell Investments were £443m, up 143% from inflows of £182m during the same period in 2021. Assets under management hit £3.4bn, up 62% over the year and 21% in the quarter. "Our fast-growing investment business performed very strongly in the quarter," said Michael Summersgill, chief executive officer at AJ bell, who took the reins in October. "Customers and advisers alike are attracted to our range of low-cost investment solutions which have delivered excellent returns for customers in difficult market conditions...