We present a measurement of angular observables and a test of lepton flavor universality in the $Bto K^ast ell^+ell^-$ decay, where $ell$ is either $e$ or $mu$. The analysis is performed on a data sample corresponding to an integrated luminosity of $711~mathrm{fb}^{-1}$ containing $772times 10^{6}$ $Bbar B$ pairs, collected at the $Upsilon(4S)$ resonance with the Belle detector at the asymmetric-energy $e^+e^-$ collider KEKB. The result is consistent with Standard Model (SM) expectations, where the largest discrepancy from a SM prediction is observed in the muon modes with a local significance of $2.6sigma$.