The AJ Bell Platinum SIPP and SSAS business consist of 3,562 schemes with £3.2bn in assets under administration (AuA), and a high-net-worth client base reflected through an average SIPP account size of approximately £670k. The acquisition brings InvestAcc Group’s total AuA to over £8.5bn across 16,000 SIPP and SSAS accounts. The acquisition is expected to complete in the second half of 2025 following the extraction, migration and integration of the Platinum SIPP and SSAS clients to InvestAcc’s platform.
Mark Hodges, Executive Chairman of InvestAcc Group, commented: "We are thrilled to announce the acquisition of the Platinum SIPP and SSAS businesses from AJ Bell. The Acquisition’s high-net-worth client base, exceptional service proposition and strong financial performance make it a perfect strategic fit for InvestAcc. This significantly strengthens our position as a market leader in "Full" SIPP pension administration, allowing us to enhance our service offering while maintaining the highest standards of customer experience. This represents the second acquisition of a wider pipeline of both company and client book extraction acquisition opportunities under active review. We look forward to collaborating with AJ Bell to ensure a seamless migration and integration of the Platinum SIPP and SSAS clients to our platform."
Michael Summersgill, Chief Executive Officer of AJ Bell, commented: "AJ Bell Platinum customers will continue to receive great service as part of InvestAcc, an award-winning provider of bespoke SIPP and SSAS services, with a track record of delivering excellent customer service."
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