RNS Number : 7195T
AJ Bell PLC
29 March 2021
29 March 2021
AJ Bell plc
AJ Bell plc ("AJ Bell" or the "Company"), one of the UK's largest investment platforms, today issues a trading update in respect of the first half of its current financial year ending 30 September 2021.
In its 2020 annual results announced on 3 December 2020, the Company highlighted the high levels of new customers and record levels of dealing activity by D2C customers in the year ended 30 September 2020. The Company has continued to see strong customer acquisition in the first half of the current financial year and dealing activity by D2C customers has remained at elevated levels throughout.
Although dealing activity is expected to moderate from current levels in the second half, management currently expects revenue for the year ending 30 September 2021 to be at least £6.0 million above current market consensus1.
The Company will provide a further update on customer numbers, assets under administration and assets under management in its scheduled Q2 trading update on 22 April 2021.
1 As at 26 March 2021, Company compiled consensus revenue for the year ending 30 September 2021 was £136.0 million. Further details are available at ajbell.co.uk/investor-relations/analyst-consensus
· Shaun Yates, Head of Investor Relations +44 (0) 7522 235 898
· Charlie Musson, Head of PR +44 (0) 7834 499 554
About AJ Bell:
Established in 1995, AJ Bell is one of the largest investment platforms in the UK.
We operate in both the advised and direct-to-consumer segments of the platform market and our flagship platform propositions are AJ Bell Investcentre (adviser) and AJ Bell Youinvest (direct-to-consumer).
We offer SIPPs, ISAs and General Investment / Dealing Accounts which provide access to a broad investment range including shares and other instruments traded on the major stock exchanges around the world, as well as all mainstream collective investments available in the UK and our own range of AJ Bell funds. We also offer a Cash savings hub which provides access to a range of competitive savings accounts to help people manage their cash savings.
We aim to make it easy for our customers to save and invest by providing them with online tools and information to help them build and manage their portfolios.
AJ Bell is headquartered in Manchester, UK.
This announcement contains forward-looking statements that involve substantial risks and uncertainties, and actual results and developments may differ materially from those expressed or implied by these statements. These forward-looking statements are statements regarding AJ Bell's intentions, beliefs or current expectations concerning, among other things, its results of operations, financial condition, prospects, growth, strategies, and the industry in which it operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as of the date of this announcement and AJ Bell does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement.