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Shares in AJ Bell have surged 10% after the London-listed company revealed a robust half-year performance. The Salford-based group saw its assets under administration (AUA) soar to an all-time high of £90.4 billion, driven by investor inflows of £3.3 billion and £600 million worth of favourable market movements.

Revenue for the six months ending 31 March 2025 jumped 17% to £153.2 million, up from £131.3 million in the previous half-year, with AJ Bell's profit also increasing by 12% to £68.8 million, as reported by .

The firm's investment platform saw user numbers increase by 9%, with 51,000 new users bringing the total to 593,000.

In addition, the investments arm reported a 10% rise in assets under management, closing at £7.5 billion. AJ Bell's chief executive, Michael Summersgill, stated: "We have repeatedly broken our own records for new customer applications during the recent tax year end, seamlessly adding thousands of new customers attracted to the AJ Bell brand and our simple, low-cost products."

He added: "This performance has been driven by our low-cost, easy-to-use propositions, excellent customer service and improved brand awareness, demonstrating the benefits of our continued investment in these areas."

AJ Bell navigates 'considerable market volatility'

AJ Bell has also revealed that it has reached an agreement to sell two of its pension products, the Platinum Self-Invested Personal Pension (SIPP) and the Small Self Administered Scheme (SSAS), to Investacc.

Note: The company's announcement about the sale of its pension products was included at the end. The company successfully navigated the market turmoil triggered by Trump's tariffs in April, with its platform's assets hitting a record £96.2bn in this year's first quarter.

In contrast, rivals St James's Place and Polar Capital saw losses of £3.3bn and £2.4bn respectively.