Paragem lands two new support roles
Paragem Partners has announced it has been appointed by two separate companies to provide them with independent dealer services and back-office support.
Specialist high-net-worth advisory firm Link Financial Services selected Paragem to supply compliance services to its newly created Melbourne practice via access to Paragem’s professional development training and accreditation program.
The second company, Investor Wealth, also based in Melbourne, chose Paragem to look after its compliance, software, marketing and research needs, as well as its professional development days.
Investor Wealth will also be employing Paragem’s guidance to assist it in moving towards an advice-based fee model of remuneration.
As part of the agreement, Paragem will be reviewing the underlying platform to ensure fees are consistent with best market practice.
It will receive payment for professional service fees and will not receive commissions for volume bonuses.
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