AJ Bell moving stockbroking services to Salford Quays
AJ Bell is relocating around 100 jobs to the North West as it moves its stockbroking services from Tunbridge Wells to its headquarters at Salford Quays.
The relocation is designed to enhance the service AJ Bell offers its customers and to accommodate the growth of the business.
The 100 roles are currently based in Tunbridge Wells, predominantly focused on AJ Bell’s back office dealing and stockbroking services.
Most of the roles will relocate to Salford where AJ Bell has recently moved into a larger headquarters at Exchange Quay.
A small number of specialist roles will move to AJ Bell’s London office.
The company says consolidating its stockbroking services with the rest of its operations in Manchester will enable AJ Bell to streamline certain processes and improve communication between teams that work closely together.
This will enhance the service it provides to both financial advisers and customers.
All staff affected by the relocation will be offered roles in either Manchester or London and relocation packages will be provided to facilitate any moves where necessary.
No roles will be lost due to the move and AJ Bell will be looking to recruit in Manchester to fill any roles not taken up by current staff.
AJ Bell is one of the fastest growing online investment platforms in the UK. It saw record business volumes in the first six months of its financial year (Oct 1, 2016 to March 31, 2017) with new business inflows up 68% to £3.6bn and profit before tax up 27% to £11.2m. It now administers £36.3bn of investments on behalf of 152,000 customers.
Andy Bell, chief executive of AJ Bell said: “The recent move to our new Exchange Quay headquarters in Salford Quays has provided us with a centre of excellence in Manchester.
“Consolidating teams from Tunbridge Wells into the new office will enable us to improve the service we offer customers and gives us space to grow the business further.
“Our focus at the moment is on relocating existing staff but there is no doubt there will be recruitment opportunities for people in the north-west in due course.”
