Snowball to merge with Shadforth
Snowball Group Limited and Shadforth Financial Group Holdings Limited have announced their intention to merge.
The boards of the two groups announced the initiative to the Australian Securities Exchange (ASX) today.
The announcement said the merger would be effected by a takeover bid made by Snowball to acquire all the ordinary shares in Shadforth.
The merged entity will adopt a new head company brand.
AUTHOR
Mike Taylor
Recommended for you
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
Despite the perception that short-term market events shouldn’t affect portfolio decisions, Praemium research finds 60 per cent of advisers have made portfolio changes in response to US President Donald Trump’s decisions.
International advice group Findex has appointed a senior individual to spearhead its M&A and growth operations across Australia and New Zealand, seeking to make the brand a household name.
