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Argonaut profit down amid soft ECM activity

Revenue and annual profit at Perth investment house Argonaut have dropped following what it described as a period of substantially reduced activity in equity capital markets and mergers and acquisitions.

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Corporate finance employees

5th↑BDO22
6th-Azure Capital26
7th-Argonaut16
8th-Patersons SecuritiesNFP
9th↑Hartleys11
74 corporate finance ranked by staff in corporate finance area (WA)

Client advisers

7th↓CPS Capital Group23
8th↑Morgan Stanley Wealth Management20
9th↑Argonaut17
10th-DJ Carmichael17
11th↓State One Stockbroking12
20 stockbrokers ranked by number of client advisers in WA

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