Inflows at AJ Bell grew by 68 per cent to £3.6bn in the first six months of its financial year.
In the six months to the end of March the company also saw new customer acquisition go up by 13 per cent when compared to the same period last year.
AJ Bell said its performance had been bolstered by the introduction of pension freedoms, which increased demand for self-invested personal pensions and income drawdown.
Overall assets under administration were up by more than 14 per cent to a record high of £36.3bn.
Profit before tax increased by 27 per cent to £11.2m.
Andy Bell, chief executive of AJ Bell, said: “Many platforms are wrestling with re-platforming or platform migration projects and this will be disruptive for their users.
“That is now a dot in our rear view mirror and our focus remains on helping advisers grow their businesses.
“We continue to invest heavily in the platform and the functionality that supports advisers and customers.
“Our mantra of making it easy for people to invest means that everything we do has the needs of advisers and customers at its core.”
Mr Bell said one of the main initiatives during the six-month period was the launch of AJ Bell’s managed portfolio service and its new range of passive funds.
He said: “This is an exciting addition to our platform services and has been well received by advisers and customers looking for low cost, passive investment solutions that can be used as core portfolio holdings.”
damian.fantato@ft.com
