Paradigm Mortgage Services has signed a new strategic partnership with Infinity International, a provider of foreign exchange and international payment services.
From today Paradigm member firms can introduce their clients to Infinity.
Infinity offers a number of services including international payment completion, helping customers buying a second home overseas, customers who need to convert salary payments and customers purchasing international equities.
Paradigm member firms will receive a referral fee on every trade.
Paradigm chief executive Bob Hunt says: “At Paradigm we continue to look for new partnerships that will provide added benefits and services to our membership base. This is certainly the case with Infinity International and its exchange rate and international payment proposition.
“Clients may not be aware of the hidden commission charges that often come with such transactions and therefore there can be considerable money to be saved if advisers refer to Infinity rather than allowing them to go through the big bank route.”
Infinity director Robert Groves says: “Selling one currency to buy another is a relatively simple and cheap process yet many customers are left confused and more importantly overcharged by their own bank. Our agreement with Paradigm will allow us to reach these customers and provide a significant saving to them in both time and money.”