AJ Bell

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.

AJ Bell
Public limited company
Traded asLSE: AJB
IndustryFinancial services
Founded1995 (1995) in Manchester, United Kingdom
FounderAndy Bell and Nicholas Littlefair
Headquarters4 Exchange Quay, Salford Quays,
Manchester
,
United Kingdom, M5 3EE
Key people
Les Platts (chairman)
Andy Bell (Chief Executive)
BrandsAJ 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]
Websitewww.ajbell.co.uk

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 £52.3 billion of assets under administration and 232,000 customers as of September 2019.[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][7]
  • 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.[8][9]
  • AJ Bell Platinum is a bespoke SIPP and SSAS provider offering customers a bespoke (custom) service.[10]
  • AJ Bell Securities is the company's stockbroking arm.[11]

The company also provides third party SIPP administration services[12] and owns a specialist financial publishing business in London known as AJ Bell Media.[13] AJ Bell Youinvest won ADVFN International Financial Awards 2020 for Best Execution Only Broker and Self Select ISA Provider of the Year.[14]

gollark: They could just mind-control me into recharging it.
gollark: If someone gets access to a computer in my *brain*, they can alter my beliefs and perceptions - subject me to horrible torture forever, make me an entirely different person, sort of thing.
gollark: Currently, if someone gets unauthorized access to my computer, at worst they will have access to a bunch of personal information and passwords, but I can change the passwords and wipe the computer, although it would be somewhat tedious.
gollark: OLEDs still use polarizers except the shiny new Samsung stuff.
gollark: E-ink is kind of bad and expensive, same for CRTs, and micro-LED isn't there yet.

References
  1. "Annual Results 2019" (PDF). AJ Bell. Retrieved 29 February 2020.
  2. "Firing Line: Andy Bell". ftadviser.com. Archived from the original on 28 October 2015. Retrieved 18 September 2015.
  3. "AJ Bell valued at up to £675m as IPO price revealed". Citywire. 27 November 2018. Retrieved 2 March 2019.
  4. "Customer numbers increase at AJ Bell". Business Live. 24 October 2019. Retrieved 24 October 2019.
  5. "AJ Bell introduces capped annual charge on revamped D2C platform". Retrieved 2 March 2019.
  6. "Pick the best (and cheapest) investment Isa platform This is Money". This is Money. Retrieved 2 March 2019.
  7. Patrick Collinson. "Investing charges: where should you put your money?". The Guardian. Retrieved 2 March 2019.
  8. "Sippcentre rebrands as AJ Bell Investcentre". ftadviser.com. Retrieved 2 March 2019.
  9. "AJ Bell Investcentre GIA now via Canadian Life offshore bonds". FTSE Global Markets. Retrieved 2 March 2019.
  10. "Everything you need to know about the AJ Bell Platinum SIPP". Investment Sense. Retrieved 2 March 2019.
  11. Nicholas Paler. "AJ Bell to launch platform next year". New Model Adviser. Retrieved 2 March 2019.
  12. "More transparency for platforms, but more complexity too". Financial Times. Retrieved 2 March 2019.
  13. "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.
  14. "ADVFN 2020 International Financial Awards". uk.advfn.com. Retrieved 17 July 2020.
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