Snowball takes Asgard eWrap to 30
Snowball Groupis set to launch a wrap offering to the market following it striking a deal withAsgardto badge the latter’s eWrap service.
Snowball eWrap, as it will be known, will allow Snowball planners to advise to clients on investment, superannuation and allocated pensions.
The offering will use Asgard’s Advisernet and Investor Online technology to give Snowball’s customers full access to their investment and insurance arrangements, and improved functionality in dealing with ASX listed shares and multi-broker relationships. Snowball currently has $660 million of funds under advice, on behalf of 6,000 clients.
According to Snowball managing director Tony McDonald the service demonstrates the firm’s renewed focus on delivering innovative product packages to customers.
“The Snowball wrap represents more value to the consumer. They benefit from the efficiency gains including more services for a lower price than traditional retail products,” he says.
30 dealer groups now use Asgard’s wrap platform and Wes Gillet, head of Asgard’s institutional business services, believes that the Advisernet platform embodied in the wrap service continues to be a major point of differentation.
“Dealers are coming to realise that they need to choose a platform that integrates into their practice to deliver a business solution, as well as the best value in investment offerings,” Gillett says.
The eWrap and eWrap Super products have contributed strongly to Asgard’s total wrap assets, which have passed $1 billion, since their launch in May 2002 and April 2003 respectively.
Recommended for you
The levy payable by financial advisers for the Compensation Scheme of Last Resort has almost quadrupled for FY26 as the government launches a formal review.
Melbourne and Perth-based Endeavor Asset Management has added 24 financial advisers to its AFSL this week, with overall industry numbers rising by more than a dozen.
The industry has reacted to the retirement of Stephen Jones as Minister for Financial Services, recognising his efforts on scams and financial reforms.
Australian advised clients are the most eager among global peers to invest in private markets, according to Hamilton Lane, with their knowledge of the asset class also being higher.
