- AJ Bell said assets under administration increased 6% in third quarter of its fiscal year thanks to an rise in total customer numbers.

Total customer numbers increased 5% in the quarter to 224,644, with total assets under administration breaking through the £50bn mark to stand at £50.7bn, an increase of 6% over the quarter and 13% over the past year

In comparison, the FTSE All-Share index increased by 2% over the quarter and fell by 3.5% over the year, the company said.

Platform AUA increased by 7% over the quarter to £43.4bn, driven by a combination of underlying net inflows of £1bn, defined benefit pension transfers of £0.2bn and favourable market movements of £1.6bn.

DISCLAIMER: AJ Bell, referenced in this article, is the owner of Stock Market Wire.

At 8:44am: [LON:AJB] share price was +21.3p at 449.5p

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