Ballast enters strategic alliance with First Class Accounts



National financial services provider Ballast has announced a further expansion - this time, via a strategic alliance with First Class Accounts.
The company said it would partner First Class Accounts in a formal strategic alliance that would see Ballast provide its full financial services offering to all First Class Accounts bookkeepers and their clients.
Commenting on the agreement, Ballast general manager Frank Paratore said Ballast welcomed First Class Accounts' bookkeepers to the new arrangement.
"We are delighted to be adding a new financial services dimension to all First Class Account franchisees and their business through not only our full service lending and aggregation platform but our complete financial services offering," he said.
Recommended for you
ASIC has confirmed the industry funding levy for the 2024–25 financial year and how much licensees can expect to pay.
Australian licensees are expected to make greater use of custom model portfolios for their clients, according to State Street Investment Management, following in the footsteps of US peers.
Adviser Ratings has argued that it’s time for more advisers to utilise digital engagement tools available to them as a disconnect grows between consumers seeking advice from finfluencers and from professionals.
Former wealth firm director Joshua Fuoco has been convicted of contempt of court, sentenced and permanently banned from being involved in financial services after breaching a 10-year ban.