AJ Bell plc (AJB.L), an UK-based online investment platform, reported 13 growth in its customer numbers for the third quarter to 528 thousand.
In its trading update for the third quarter, the company said Assets Under Administration (AUA) closed at 83.7 billion pounds, up 20% over the last year. While gross inflows rose to 3.7 billion pounds from 2.4 billion pounds, net inflows edged up to 1.7 billion pounds from 1.1 billion pounds.
The Group said its gross and net inflows were higher across the platform during the quarter, reflecting a continuation of the strong momentum reported in the previous quarter.
Under its investments, Assets Under Management (AUM) increased by 47 percent over last year to 6.3 billion pounds. Net inflows in the quarter stood at of 0.4 billion pounds.
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