Syfe holds ASX shares under a custodian structure and only...

Syfe holds ASX shares under a custodian structure and only offers trading in the top 1000 shares and ETFS.

As Selfwealth's platform has a similar structure to BellDirect, you would expect that BFG would be able to extract greater synergies and make a higher offer, however Syfe's blocking stake makes another offer less likely.

The X factor here is what affect the "Trump volatility" will have on markets which could have each party's priorities/pay-offs changing.