AJ Bell has extended its partnership with GBST for a further 10 years, as it continues to evolve its advised and direct to consumer platform.
Under the agreement, the technology provider’s Composer wealth administration platform will continue to support AJ Bell’s advised and D2C channels as it enters its next phase of growth.
AJ Bell said GBST’s platform underpins key operational capabilities across its business, helping to meet the needs of its increasing customer base. It said the decade-long extension of its partnership will enable the continued provision of a modern, resilient operating model designed to support long-term growth across both advised and D2C channels.
AJ Bell currently manages £109 billion assets under administration across 723,000 advised and D2C customers. Michael Summersgill, CEO of AJ Bell, said: “GBST has been a key technology partner for many years, supporting the development of both our advised and D2C propositions. This long-term partnership reflects the strength of our relationship and our confidence in GBST’s ability to help us scale and innovate, enabling our business to continue to grow.”
Rob DeDominicis, CEO of GBST, added: “Investment platforms play a central role in the UK wealth market and the technology that underpins them must adapt as adviser and investor expectations change.
“Our continued investment in the Composer platform, cloud-based delivery, and emerging AI‑enabled capabilities allows firms like AJ Bell to benefit from modern, scalable technology that enables long-term growth, operational resilience, and improved decision-making while maintaining the reliability advisers and investors expect. We look forward to working closely with AJ Bell as its platform business continues to scale.”
