In a disclosure to the Philippine Stock Exchange, the stock brokerage said its consolidated revenues rose 22 percent to P1.3 billion last year from P1.1 billion in 2020, largely driven by the jump in commission revenues to a new record high of P1.0 billion.COL said it benefited from the increase in market activity in the PSE, due to its strategy of focusing on the retail investor base.
“While ranking No. 1 is not the benchmark that we measure our success on, we believe that this is the natural result of our strategy to focus on serving our customers,” said COL Financial President and CEO Dino Bate. COL’s client base continued to grow, hitting almost half a million investors by the end of 2021. Meanwhile, client assets reached a record high of P112 billion as the company saw P6.7 billion in net new flows.
Working with its fund partners, COL intends to continue its expansion of global products by adding over 20 global, theme- based equity funds in the first half of 2022.
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