Reuters
AJ Bell reported record assets under administration of 80.3 billion pounds ($100.23 billion) on Thursday, up 5% in the three months to end-March and 17% higher than the same period in 2023, pointing to signs of rebounding sentiment among investors. The company said improving retail investor sentiment helped to deliver 1.4 billion pounds of gross inflows in March alone, a new monthly record for the business. "Surpassing half a million platform customers is a significant milestone for the business which reflects the continued success of our dual-channel model," Michael Summersgill, Chief Executive Officer at AJ Bell, said.