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
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
