AJ Bell is one of the UK’s largest online investment platforms. They are privately owned and currently have more than £42 billion in assets under administration.
Having transitioned to updated technology in 2014, it is well placed to ride the growth in the market and pick up disaffected clients from competitor platforms which are only now upgrading.
AJ Bell anticipate strong profits growth on the back of higher revenues and positive operational gearing. The new asset management business should add further momentum and higher UK savings rates would be the icing on the cake.