Bluefin Advisory Services (BAS) provides financial advice and wealth management and corporate consulting services and won Corporate Adviser Firm of the Year 2009*. Overall revenues increased 27% to £39m in H1 2009 primarily reflecting the positive impact of the SBJ Benefit Consultants acquisition. While revenues have held up in the Corporate and Wealth Management divisions the Financial Advice division has been impacted by a combination of market issues. Funds under Advice remained flat at £0.5bn.
Bluefin Insurance Group (BIG) provides professional insurance broking and risk management services. Revenues (commissions and fees) are up 9% to £60m on H1 2008 principally due to the acquisition of SBJ during 2008 where considerable progress in integrating the acquisitions has been made. However, tough market conditions have been experienced particularly in the construction, property and haulage sectors.
* : Corporate Adviser Awards 2009