Snowball in carbon copy deal with Fuji Xerox
The Snowball Group is continuing to push ahead with a strategy to target financial planning clients through Australia’s corporate heavyweights, signing a strategic alliance with the Fuji Xerox group this week.
The deal will see Snowball provide financial planning and related services to some 1500 Fuji Xerox employees across Australia.
The agreement is one of a handful of strategic corporate alliances announced by Snowball in recent times.
Last week, the group signed a deal with Vodafone to provide financial advice to the telecommunication company’s 800 staff in New South Wales, Victoria and Tasmania.
It has also struck similar agreements with the Australian Human Resources Institute, the Charles Parsons Group Superannuation Fund, P&O and the Catholic Schools Super Fund of Western Australia over the past six months.
The latest deal will mean Snowball’s financial planning services are potentially available to as many as 25,000 employees and super fund members.
Snowball managing director Tony McDonald says the workplace is a natural environment for individuals to come into contact with financial advice.
“We are deeply committed to bringing expert financial planning and education to Australians at the workplace which is the natural location for accessing services of this kind,” he says.
Fuji Xerox remuneration and benefits manager David Caldwell says the group’s introduction of a financial planning service represents a broadening of its remuneration package for employees.
“We see this type of service as a natural extension of the superannuation arrangements we already have in place. The provision of financial planning and education services will become a vital part of our employee benefits package,” he says.
Recommended for you
Iress chief executive Marcus Price has shared how he is seeing “massive tailwinds” in financial advice in Australia, with the firm turning its attention to digital advice following the completion of its transformation project.
Licensee Centrepoint Alliance has shared its first half FY25 results with strong performance coming from the acquisition of Financial Advice Matters.
Professional services firm AZ NGA has announced a group chief financial officer, who previously spent six years as Fitzpatricks Financial Group’s CEO.
Clime’s disposal of advice licensee Madison “needed to happen yesterday”, managing director Michael Baragwanath has told Money Management, as he concludes a severe cost-out period at the business.
