Listed investment platform AJ Bell has released a trading update for its year ending 30 September 2021 revealing that it has grown its customer base by 30 percent to 382,754 on a year-on-year basis.

Total inflows also increased by 52 percent to £6.4 billion resulting in a 29 percent uplift in assets under administration (AuA), closing the year at £72.8 billion.

For a comparison, the FTSE All-Share index rose by 24 percent and the MSCI World index grew by 27 percent in the same time period.

Andy Bell, CEO at AJ Bell, said in a statement to the market: ““Demand for our investment solutions has also continued to build across both the advised and direct-to-consumer markets. Our managed portfolio service is growing in popularity with advisers as they recognise our focus on charges, choice and communication and we have recently added the service to four external platforms to further increase its availability. In the D2C market, our multi-asset funds continue to prove popular as customers seek low-cost investment solutions that are managed for them in line with their risk profile.”