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Investment platforms: coronavirus beneficiaries?

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As many companies continue to struggle and face a very uncertain future, interim results from two highly rated investment platforms highlight the appeal of the sector, but it comes at a price

AJ Bell: stunning results and a mighty valuation

AJ Bell (LON:AJB), one of the UK's largest investment platforms, announced terrific interim results for the six-months ending 31 March 2020.

Revenue rose 22% to £60.9m and profit before tax was up 28% to £22.7m (37% margin) as it saw a 22% increase in customers to 262,179. Total net inflows of £2.1bn resulted in assets under administration £48.3bn at the period end, down 8% due to the fall in…

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