Momentum turnover rises to £7.8m in 2020

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Momentum Broker Solutions has reported profit after tax of £536,691 for the financial year ended 31 December 2020.

In 2019, the appointed representative network achieved post-tax profit of £516,594.

Its turnover for the 2020 financial year was £7.8m, compared to £7.3m in the preceding year.

Momentum said in a statement that it had also seen 16 new joiners to its network, 11 of which are start-ups and 5 of which have switched from other networks.

The network further revealed £39m in gross

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