Bell Financial Group (ASX:BFG) Delivers Record Funds Under Advice and Profit Jump in FY24

Mon 05 May 25, 05:06 AM | Team Kalkine

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Highlights

BFG’s revenue increased by 11.9% YoY to AUD 276.4 million, and profit after tax jumped 26.4% in FY24.

Funds under advice hit a record high of AUD 85.8bn in FY24.

The company intends to broaden its product distribution and introducing new offerings.

Bell Financial Group Limited (ASX: BFG) is an Australian financial services company that posted 11.9% YoY jump in revenue to AUD 276.4 million in the financial year 2024 (FY24), driven by broad-based growth across its full-service and online broking, capital markets, and financial advisory divisions.

During the reported period, the company recorded a net profit after tax of AUD 30.7 million, up 26.4% YoY. A notable milestone was achieved in total funds under advice, which soared to a record AUD 85.8 billion.

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