Bell Financial Group produced $299.3 million in revenue during 2020, a 17.6 per cent increase from the year before.
Revenue and earnings had climbed across each of the divisions, with the group’s brokerage revenue across retail and institutional clients climbing by 11.7 per cent to $105.7 million.
Funds under advice had grown by 9 per cent to $63.9 billion, while superannuation assets were up by 4 per cent to $851 million.
Bell also gained $109 million in fee income from its equity capital markets and syndication segments, 31.4 per cent more than in the prior corresponding period.
Meanwhile the technology and platforms side of the business locked $24.3 million in revenue, a 35 per cent rise from the year before, with its profit coming to $4.2 million, a 68 per cent rise from $2.5 million the year before.
The company declared a 6.5 cent final dividend, which combined with interim, created a 10.5 cent payout per share for the year, a 31 per cent increase on 2019.
Sarah Simpkins
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
