Changeflow GovPing Securities & Markets AJ Bell Q2 Update: Record 723k Customers, £2.7b...
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AJ Bell Q2 Update: Record 723k Customers, £2.7bn Net Inflows

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Summary

AJ Bell plc, one of the UK's largest investment platforms, reports Q2 performance for the three months ended 31 March 2026. Customer numbers grew by a record 50,000 in the quarter to reach 723,000 (up 22% year-on-year), with total advised customers at 189,000 and D2C customers at 534,000. Assets under administration (AUA) stood at £108.7 billion, up 20% year-on-year, while record gross inflows of £5.6 billion and net inflows of £2.7 billion were achieved (up 40% and 42% respectively versus the prior year). The investment business reported AUM of £9.8 billion with net inflows of £0.3 billion.

“Record growth in customer numbers, increasing by 50,000 in the quarter to close at 723,000, up 22% in the last year and 7% in the quarter”

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What changed

AJ Bell plc published its Q2 trading update reporting strong growth across all key metrics for the three months ended 31 March 2026. Customer numbers increased by a record 50,000 in the quarter, total AUA reached £108.7 billion, and net inflows of £2.7 billion were achieved — representing 42% growth versus the same period in 2025. D2C customer growth of 28% year-on-year outpaced the advised segment, reflecting continued platform adoption among retail investors.

For investors and market participants monitoring UK investment platform performance, the results demonstrate sustained demand for direct-to-consumer investment services amid ongoing market volatility. The AUA figure of £108.7 billion reflects both net inflows and market movements, with the latter reducing growth by 2% in the quarter. AJ Bell's results are in line with typical quarterly reporting obligations for publicly listed companies on the London Stock Exchange.

Archived snapshot

Apr 23, 2026

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Go to News Explorer RNS Trading Statement Share this article

Q2 Trading Update

AJ BELL PLC Released 07:00:05 23 April 2026 RNS Number : 5583B AJ Bell PLC 23 April 2026 23 April 2026

AJ Bell plc

Q2 trading update

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 three months ended 31 March 2026.

Performance overview

Platform business

| · | Record growth in customer numbers, increasing by 50,000 in the quarter to close at 723,000, up 22% in the last year and 7% in the quarter |
| | o Total advised customers of 189,000, up 7% in the last year and 2% in the quarter

o Total D2C customers of 534,000, up 28% in the last year and 9% in the quarter |
| · | Assets under administration ("AUA") of £108.7 billion, up 20% over the last year and 1% in the quarter |
| · | Record gross and net inflows on the platform |
| | o Gross inflows in the quarter of £5.6 billion, up 40% versus prior year (2025: £4.0 billion)

o Net inflows in the quarter of £2.7 billion, up 42% versus prior year (2025: £1.9 billion) |
| · | Market movements reduced AUA growth by 2% in the quarter. AUA levels reflect ongoing market volatility, with market levels improving post quarter end |

Investment business

| · | Assets under management ("AUM") increased to £9.8 billion, up 31% over the last year and 3% in the quarter |
| · | Net inflows in the quarter of £0.3 billion (2025: £0.4 billion) |
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Last updated

Classification

Agency
LSE
Published
April 23rd, 2026
Instrument
Notice
Branch
Executive
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Investors Public companies
Industry sector
5231 Securities & Investments
Activity scope
Investment platform services Customer asset management Net inflows reporting
Geographic scope
United Kingdom GB

Taxonomy

Primary area
Financial Services
Operational domain
Finance
Topics
Securities Consumer Finance

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