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.
I think these numbers are too low. Especially if you live in major cities. I try to ensure none of…
Are Interprac / Sequoia going to pay the 10’s of $$ millions in AFCA complaints ? Even after Macquarie &…
Always back self interest when a body is marketing a submission to the government
In other words the system is achieving what the government wanted to happen.
Every day I come on here it feels like it is just the SMC trying to lobby to make one…