Diverger’s Paragem partners with The Wealth Network
Diverger, formally known as Easton Investments, has partnered its Paragem network with The Wealth Network (TWN) through merging service offerings to better enable early-stage advice practices to access coaching and licensee with scale.
Diverger managing director, Nathan Jacobsen, said his business was passionate about helping advisers grow their practice in an environment of declining adviser numbers.
“The partnership with The Wealth Network will support the growth of new advice firms and a great opportunity to leverage the respective strengths of both businesses,” Jacobsen said.
Dean Holmes, director, The Wealth Network, and Craig Kouimanis, head of Paragem, shared their optimism about the future of advice and the partnership’s potential to ensure that advice businesses would get the services that they needed.
Through the network, Holmes would partner with advisers looking to build and grow successful businesses by providing them with the coaching, mentoring and execution support they needed to be successful.
So far five advice businesses have taken part in the strategic partnership by joining Paragem after being coached by TWN.
Holmes said: “Partnering with Paragem will allow TWN firms to access market leading compliance and advice support whilst allowing our team to increase their focus supporting advice firms”.
AUTHOR
Liam Cormican
Recommended for you
Next year will see AMP roll out an end-to-end solution for its North platform, marking a shift in the firm’s position within the advice technology sector and building on adviser feedback.
My Dealer Services is predicting strong growth in self-licensing next year, citing recent ASIC action against Interprac and the desire for independence as key drivers of the self-licensing trend.
ASIC has handed down a six-month AFSL suspension to MW Planning after the firm failed to replace its banned responsible manager.
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
