AJ Bell drops platform costs as profits fall

Profit before tax at investment platform AJ Bell fell to £26.1m (HY21: £31.6m) for the six months ending 31 March.

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Transact net inflows rise 16%

Net inflows for adviser platform Transact rose 16% to £2.68bn in the six months ending 31 March.

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Wealth firm acquisitions boost profit 83% for 7IM

Discretionary fund manager 7IM saw profits rise to £9.5m in 2021, a rise of 83% from 2020.

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Parmenion swings into profit as revenue rises

Revenue for core business at Parmenion rose 20% to £36m in 2021 as the platform swung from loss to profit following its sale by Standard Life Aberdeen in July.

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