Established in 1991 by Pranlal Jeena the firm provides services to a number of wealthy families, managing approximately A$55 million in total invested funds under advice.
It works on a fee for service based model and offers revenue and expense synergies, as well as growth opportunities for the Group.
After the takeover Jeena will be re-branded to Shadforth and its staff will be integrated into Shadforth’s Melbourne office.
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Snowball is also in the process of rebranding to SFG Australia Limited after shareholder approval has been achieved.
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