Deals Snowball for financial planning group
Snowball Financial Planning has secured its third arrangement to provide financial services and advice to an employer group in the last month, announcing today that it is to be one of five adviser groups providing advice to the Catholic Schools Superannuation Fund of Western Australia.
Snowball’s earlier deals include winning the right to provide shipping firm P&O’s 6000 members with financial advice, and winning the mandate to administer the Charles Parsons Superannuation Fund, a 700 employee fabric and textiles fund.
The 10,000 member Catholic Schools Superannuation Fund of Western Australia, with $210 million under management, will refer its members to a panel of five financial planning firms, of which Snowball is now one.
Snowball managing director Tony McDonald says the company will offer face-to-face financial planning and education seminars to the super fund’s members.
“There is now real momentum and support behind empowering super fund members to take control of their wealth accumulation, debt management and risk management by accessing advice,” McDonald says.
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
