Gladstone Global Advisory announces its second quarter financial results in a release that will also be available on the company’s website, www.gladstoneglobaladvisory.com
The Company’s Institutional Unit reported EBITDA of $41 million, a % 5.6 improvement even though contracts decreased compared to the same quester last year. “Gladstone Global Advisory continues in it’s efforts to develop it’s services on all sectors of management including Institutional and Retail investment.” Liam Taylor, CFO added “A positive shift in operational services and cost reduction contributed to overall growth. The recent liquidity stress brought on by the global pandemic saw a decline in Institutional activity, however this was offset by exponential growth in the retail sector.”
Gladstone Global Advisory’s management anticipates next quarters earnings to be nearer to targeted growth levels 1% for Institutional division to 2% to 4% for retail account holders.
