AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

509.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 538.50p
  • 52 Week Low: 363.00p
  • Currency: UK Pounds
  • Shares Issued: 405.56m
  • Volume: 744,514
  • Market Cap: £2,066.35m

AJ Bell to sell Platinum SIPP and SSAS business to InvestAcc for £25m

By Michele Maatouk

Date: Thursday 27 Mar 2025

LONDON (ShareCast) - (Sharecast News) - AJ Bell said on Thursday that it has agreed to sell its Platinum SIPP and SSAS business - AJ Bell Platinum - to InvestAcc for up to £25m.
AJ Bell Platinum has 3,600 customers with £3.2bn of assets under administration which will transfer to InvestAcc on completion. This is expected occur in the second half of the year.

In the year ended 30 September 2024, AJ Bell Platinum contributed £10m to non-platform revenue. The company said the sale does not impact its FY25 guidance.

AJ Bell said the disposal proceeds will further strengthen its capital position, which will be flowed through the company's capital allocation framework.

Chief executive Michael Summersgill said: "Our strategy is to provide easy-to-use, low-cost platform propositions using a single, scalable operating model to capitalise on the significant long-term growth opportunity in the UK investment platform market.

"The sale simplifies our business model, enabling the management team to focus on AJ Bell's core platform business, in line with our growth strategy across both the advised and direct-to-consumer market segments.

"AJ Bell Platinum customers will continue to receive great service as part of InvestAcc, an award-winning provider of bespoke SIPP and SSAS services, with a track record of delivering excellent customer service."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

AJ Bell Market Data

Currency UK Pounds
Share Price 509.50p
Change Today -3.50p
% Change -0.68 %
52 Week High 538.50p
52 Week Low 363.00p
Volume 744,514
Shares Issued 405.56m
Market Cap £2,066.35m

AJ Bell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.3% below the market average88.3% below the market average88.3% below the market average88.3% below the market average88.3% below the market average
81.63% below the sector average81.63% below the sector average81.63% below the sector average81.63% below the sector average81.63% below the sector average
Price Trend
76.04% above the market average76.04% above the market average76.04% above the market average76.04% above the market average76.04% above the market average
62.38% above the sector average62.38% above the sector average62.38% above the sector average62.38% above the sector average62.38% above the sector average
Income
17.6% below the market average17.6% below the market average17.6% below the market average17.6% below the market average17.6% below the market average
48.28% below the sector average48.28% below the sector average48.28% below the sector average48.28% below the sector average48.28% below the sector average
Growth
86.37% above the market average86.37% above the market average86.37% above the market average86.37% above the market average86.37% above the market average
84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average

AJ Bell Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Jun-25 09-Jan-25
Paid 27-Jun-25 07-Feb-25
Amount 4.50p 8.25p

Trades for 29-Aug-2025

Time Volume / Share Price
16:35 149,558 @ 509.50p
16:35 772 @ 509.50p
16:35 1,438 @ 509.50p
16:35 692 @ 509.50p
16:35 1,461 @ 509.50p

AJ Bell Key Personnel

CEO Michael Thomas Summersgill
CFO Peter Birch

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