Full Year 2023 AJ Bell PLC Meeting for Sell-side Analysts (Pre Recorded) TranscriptDec 07, 2023- Half Year 2023 AJ Bell PLC Earnings Call (pre-recorded) TranscriptMay 25, 2023£3.16 (+0.89%)Earnings
- Full Year 2022 AJ Bell PLC Earnings Call (Pre-Recorded) TranscriptDec 01, 2022£3.6 (-1.04%)Earnings
Full Year 2022 AJ Bell PLC Earnings Call (Pre-Recorded) Transcript
Hi. I'm Danni Hewson, financial analyst at AJ Bell. Thank you so much for joining us for our 2022 annual results video. In a moment, we're going to be hearing from Michael Summersgill and Peter Birch, CEO and CFO at A.J. Bell.
But first, let's run through some of the key numbers from the year. Let's start with customers. And as reported in our year-end trading update back in October, AJ Bell's total customer numbers increased to over 440,000 at the end of September. This is an increase of 15% over the last 12 months with the growth being driven by the company's platform business.
Assets under administration, or AUA, had opened the year at GBP 72.8 billion. During the year, AJ Bell's platform business delivered strong net inflows of GBP 5.8 billion with GBP 3.3 billion being advised and GBP 2.5 billion being D2C. Following the planned closure of the institutional stockbroking business, non-platform net outflows were GBP 2 billion. Adverse market movements reduced AUA by a further GBP 7.4 billion, resulting in AUA closing the year down 5% at GBP 69.2 billion.
Moving on to
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