Snowball reports 3pc rise in profits following Shadforth mergerBY ALISON BEVEGE | WEDNESDAY, 31 AUG 2011 12:20PMFinancial advisory group Snowball has reported a 3% rise in profit to $26.9 million in its first combined results announcement following the completion of its merger with Shadforth.
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Adviser numbers plateau
|The number of financial advisers in Australia appears to be stabilising at 15,602, as Count and AMP Financial Planning continue to hold the lion's share.
Praemium loses $700m due to adviser transitions
|Praemium reported total net outfows from its Powerwrap scheme has reached $700 million over the past three quarters.
Small cap investors told to 'stop whinging'
|Forager's chief investment officer has read the riot act to investors.
Adam Blumenthal ordered to pay $850k
|Blumenthal is also banned from managing corporations for five years.
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