Wednesday, 7 October 2015
Independent fixed income research house BondAdviser today announced it has successfully closed its first capital raising to fund business growth.
The offer was supported by a number of high-net-worth private investors connected to the financial services industry.
BondAdviser Managing Director and Co-Founder, Geoff Malkin, said people familiar with bond markets understand the need for BondAdviser’s services and the opportunity for the business.
“The fixed income market is changing with new industry developments making bonds and other interest rate securities available to a broader range of investors. To make the most of this opportunity, private investors and their advisers need reliable, independent information and education,” said Mr Malkin.
“The people who’ve put their support behind BondAdviser recognise the important role we’re playing in providing transparency in the fixed interest market and helping people make intelligent investment decisions.
As a truly independent company with the broadest coverage of retail-accessible interest rate securities, we’re in an ideal position to lead the market.”
The capital raising comes eight months after BondAdviser was successfully launched in Australia. Head of Research and Co-Founder, Nicholas Yaxley, said the business was ready to enter the next stage of growth.
“We’re really pleased with the progress of the business to date, in particular the level of interest in our research and online investment tools. The capital raising gives us the balance sheet to grow our subscriber
numbers by pushing further into the financial advice market and also directly into the SMSF market,” said Mr Yaxley
“Additionally, the capital will be used to develop our interactive analysis tools for the institutional market, to grow our team of research analysts and to enhance the technical capabilities of our platform through which our services are delivered.”
