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On 3 November 2025, AJ Bell plc completed the sale of its Platinum SIPP and SSAS business to InvestAcc Group Limited for a total consideration of up to £25.0 million. The transaction included the transfer of 3,400 customers and £3.3 billion of assets under administration. An initial consideration of £18.5 million, consisting of £17.5 million cash and £1.0 million in InvestAcc shares, has been settled, with up to £6.5 million in deferred cash payable in the first half of 2026.
| Date | 3 Nov 2025 |
| Time | 10:31:38 |
| Category | Disposals |
| ID | 9168F |
3 November 2025
AJ Bell plc
Completion of Platinum SIPP and SSAS business sale
Further to the announcement dated 27 March 2025, AJ Bell plc ("AJ Bell" or the "Company") today announces it has completed the sale of its Platinum SIPP and SSAS business, part of its non-platform business, to InvestAcc Group Limited ("InvestAcc") for a total consideration of up to £25.0 million.
The Company confirms that 3,400 customers and £3.3 billion of assets under administration have transferred to InvestAcc from its non-platform business.
Initial consideration of £18.5 million has been settled; made up of £17.5 million in cash and £1.0 million in new InvestAcc shares. Deferred consideration of up to £6.5 million in cash will be payable in the first half of 2026, subject to certain conditions. The disposal proceeds will further strengthen AJ Bell's capital position, which will be flowed through the Company's capital allocation framework.
Completion of the transaction simplifies AJ Bell's business model and enables management to focus on AJ Bell's core platform business in both the advised and direct-to-consumer market segments.
Contacts:
AJ Bell
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Mark Coxhead, Head of Investor Relations |
+44 (0) 7761 513 512 |
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Mike Glenister, Head of PR |
+44 (0) 7719 554 575 |