Snowball signs strategic partnership deal
Financial services company the Snowball Group has signed a strategic partnership with the Australian Human Resources Institute (AHRI), making Snowball the sole provider of financial products and services to the institute’s 25,000 members and stakeholders.
Under the terms of the partnership, Snowball will provide AHRI members and stakeholders access to financial planning and taxation consultancy, master trust and wrap products, as well as on-line financial management and educational tools.
Snowball managing director Tony McDonald says the aim of the partnership will be to ensure members of the association have access to expert professional advice and investment platforms that cover both those in the accumulation phase of their savings cycle as well as those in retirement.
AHRI executive director Jo Mithen says the partnership will be beneficial to AHRI’s members, as it will introduce quality products and services in superannuation, education and financial services.
Mithen says the strategic partnership will enable AHRI members to use these services themselves or introduce them to their own organisations as part of their employee benefits package.
Earlier this month, the Snowball Group was requoted on the Australian Stock Exchange (ASX) after raising $2 million to fund the implementation of the group’s strategy, which includes intentions to acquire financial planning and tax firm, Investment Taxation Specialists (ITS).
Snowball recently reached an agreement with the NSW based ITS group, whereby ITS will distribute Snowball branded products. Snowball is currently undertaking due diligence on the group.
AHRI is the peak association in Australia for the human resources industry.
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