BFG’s challenging start to 2025
Bell Financial Group last week revealed the degree to which its start to 2025 has been impacted by market volatility, revealing a 10.3% decrease in revenue for the four months to the end of April.
In a market update attaching to its annual general meeting, the company said it had experienced a challenging start to the year, with Broking and Equity Capital Markets revenues adversely impacted by volatility across global markets.
It said group revenue was $80 million (unaudited) for the four month period, representing a 10.3% decrease on the prior corresponding period.
Further, it said group profit before tax was $7.9 million, a 49% decrease on the prior corresponding period.
However, the update said technology and platforms and products and services revenue were up 12% to $30.4 million and profit before tax was up 15% to $11.1 million.
Funds under advice was down 0.9% to $85.1 billion.
Not sure what they're seeking regulatory relief from. In my view is they get tickled with a warm lettuce leaf…
Will they ever be named & shamed, fined and banned for life ??? Unlikely hey ASIC & APRA, especially for…
“It was also worth noting that Chalmers last week was largely unmoved about the vociferous campaign about the taxation of…
I see your point but surely at a certain point if too much investor money is held in passive funds…
Without a diverse range of investments there is definitely herding. This has resulted in fund flows into index options and…