Financial services firm Snowball has won a mandate to administer a $30 million superannuation fund of a fabric and textiles business of more than 700 employees.
Snowball is currently conducting seminars at the company, the Charles Parsons Group of fabric and textiles companies, where it is launching its newly won superannuation fund, under the name Snowball Super Account, and informing employees about the services they will be offering under its administration.
The services include face-to-face time with financial planners provided by Snowball’s subsidiary, CIS Financial Services. Employees will also be given access to Snowball’s Web site where they will be able to manage and transact their super accounts as well as access to online financial planning tools and other financial products.
Snowball has master trust styled portfolio administration products and operates online financial management and educational tools as part of its provision of financial services.
Snowball managing diretor Tony McDonald says it is a credit to the trustees of the textiles group that they have embraced the need to provide complete financial planning and superannuation services at the workplace.
