AJ Bell
 | |
.JPG) AJ Bell's headquarters at Salford Quays | |
| Company type | Public limited company |
|---|---|
| LSE: AJB | |
| Industry | Financial services |
| Founded | 1995 in Manchester, United Kingdom |
| Founder | Andy Bell and Nicholas Littlefair |
| Headquarters | 4 Exchange Quay, Salford Quays, Manchester , United Kingdom, M5 3EE |
Key people | Les Platts (chairman) Andy Bell (Chief Executive) |
| Brands | AJ Bell Youinvest AJ Bell Investcentre AJ Bell Platinum AJ Bell Securities AJ Bell Media |
| Revenue | £104.9 million (2019)[1] |
| £37.4 million (2019)[1] | |
| £30.4 million (2019)[1] | |
| Website | www |
AJ Bell (LSE: AJB) is a public limited company that provides online investment platforms and stockbroker services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was formed in Manchester by Andy Bell and Nicholas Littlefair in 1995.[2] The company was the subject of an initial public offering valuing the business at £675 million in November 2018.[3]
Operations
The company currently has £62.5 billion of assets under administration as of 31 December 2020[4] and 312,300 customers as of 31 December 2020.[4] Its main platform business operates under four core brands:
- AJ Bell Youinvest is a direct-to-customer platform, offering a low-cost SIPP, ISA and Dealing (Trading) Account.[5][6]
- AJ Bell Investcentre offers an SIPP, ISA and general investment account (GIA) and is only available to customers via Financial Conduct Authority (FCA) authorised financial advisers.[7][8]
- AJ Bell Platinum is a bespoke SIPP and SSAS provider offering customers a bespoke (custom) service.[9]
- AJ Bell Securities is the company's stockbroking arm.[10]
The company also provides third party SIPP administration services[11] and owns a specialist financial publishing business in London known as AJ Bell Media.[12] AJ Bell Youinvest won ADVFN International Financial Awards 2020 for Best Execution Only Broker and Self Select ISA Provider of the Year.[13]
References
- ^ a b c "Annual Results 2019" (PDF). AJ Bell. Retrieved 29 February 2020.
- ^ "Firing Line: Andy Bell". ftadviser.com. Archived from the original on 28 October 2015. Retrieved 18 September 2015.
- ^ "AJ Bell valued at up to £675m as IPO price revealed". Citywire. 27 November 2018. Retrieved 2 March 2019.
- ^ a b "AJ Bell first-quarter assets under management, net inflows rise". Business Live. 21 January 2021. Retrieved 21 January 2021.
- ^ "AJ Bell introduces capped annual charge on revamped D2C platform". Retrieved 2 March 2019.
- ^ Patrick Collinson. "Investing charges: where should you put your money?". The Guardian. Retrieved 2 March 2019.
- ^ "Sippcentre rebrands as AJ Bell Investcentre". ftadviser.com. Retrieved 2 March 2019.
- ^ "AJ Bell Investcentre GIA now via Canadian Life offshore bonds". FTSE Global Markets. Retrieved 2 March 2019.
- ^ "Everything you need to know about the AJ Bell Platinum SIPP". Investment Sense. Retrieved 2 March 2019.
- ^ Nicholas Paler. "AJ Bell to launch platform next year". New Model Adviser. Retrieved 2 March 2019.
- ^ "More transparency for platforms, but more complexity too". Financial Times. Retrieved 2 March 2019.
- ^ "Financial Planner Online – AJ Bell acquires financial publisher MSM Media". financialplanneronline.co.uk. Archived from the original on 28 October 2015. Retrieved 18 September 2015.
- ^ "ADVFN 2020 International Financial Awards". uk.advfn.com. Retrieved 17 July 2020.