Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

AJ Bell grows profit 39% but laments 'barrage' of regulatory change

AJ Bell grows profit 39% but laments 'barrage' of regulatory change

Stockbroker and SIPP services provider AJ Bell has grown its profit before tax 39%.

The firm, which is owned by Andy Bell & Management and Neil Woodford's Invesco Perpetual High Income and Income funds, this morning posted an increase in pre-tax profit to £26.5 million, as its asset under management climbed to £17.5 billion.

'This has been another year of progress and challenge.  We continue to face a barrage of regulatory-led change and I am delighted with the way our staff have turned these challenges into opportunities,' Bell (pictured), the firm's chief executive, said as he announced the results.

Drilling down further into AJ Bell's numbers, growth was seen across the board, with profit up close to 40%, revenues up 25% and assets under management up 17%.

AJ Bells retail customer base also grew by 17%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter