Galt & Taggart enters its 30th year with a set of results that underline its role as Georgia’s leading brokerage house and a central participant in the development of the country’s capital markets.
A subsidiary of Lion Finance Group, the firm has long been associated with market access, research and execution across Georgia and the wider region. In 2024, it combined that heritage with strong financial and operational performance, reinforcing its position as a market leader.
The company reported total revenues of GEL26.2 million in 2024, an increase of 62% compared with the previous year. Net income rose more than fourfold to GEL7.3 million, while return on equity reached 55%. These figures reflect broad-based momentum across business lines. Brokerage revenues grew by 80% to GEL14.7 million, driven by higher trading volumes, client acquisition and platform upgrades. Investment banking and research income also rose, advancing 55% to GEL9.6 million.
The firm grew its client base, adding more than 4,600 net new accounts in 2024, and daily trading activity on its platforms reached new highs
Growth in the brokerage franchise was particularly notable. Assets under management expanded by 84% year-on-year to exceed US$3.3 billion, while transaction volumes almost doubled to $4 billion. Activity increased across both equities and fixed income, with strong participation in local corporate bonds as well as international markets.
The firm also grew its client base, adding more than 4,600 net new accounts in 2024 and taking the total to over 53,000. Daily trading activity on its platforms reached new highs, with the G&T Trader platform averaging more than 220 trades per day and BOG Investments, its mobile offering integrated with Bank of Georgia’s app, averaging more than 600.
“Another product we introduced in Georgia was increased trading hours, which had never been done before,” says chief financial officer Irakli Andriadze. The firm has launched pre- and post-trading hours and added overnight trading, allowing US clients to trade 24/5. “This gave more room and more time for clients to trade, which also contributed to revenue growth,” notes Andriadze.
Product and platform development
The decision to appoint Global Trading Network as the new provider for G&T Trader enhanced access to global markets, broadened asset coverage and introduced features such as fractional trading and 24-hour US market access.
The firm also launched non-discretionary portfolio management services aimed at high-net-worth clients, attracting $30 million in assets in its initial months. Meanwhile, enhancements to the BOG Investments platform, including improved settlement processes and user experience, were designed to strengthen engagement among retail and mass affluent investors.
Client reception to these developments has been positive. The firm reported a net promoter score of 62%, an improvement on the previous year and an indicator of the value clients place on both innovation and execution quality.
Against a backdrop of regional uncertainty, Galt & Taggart has demonstrated that investment in platforms, product range and client service can deliver financial strength and market impact.
