Financial services provider, Perpetual Private, and legal firm, The Fold, aim to help independent accounting businesses thrive when the Accountants’ Exemption for advice on Self-Managed Superannuation Funds (SMSFs) is removed, through a new partnership.
The partnership will offer accountants support in identifying the right licensing path for their businesses, alongside training on the Australian Financial Services regulatory requirements, Perpetual’s Queensland state manager, Dermot Lindsay said.
“SMSFs have become a significant diversified revenue for accounting practices and a great opportunity exists for accountants, who have a well-earner reputation as trusted advisers, to broaden and strengthen their service offering — with the right support,” he said.
“The new program will facilitate partnerships for accountants to help them thrive in a changing environment.”
Lindsay said the partnership would enable accounting firms to maintain their independence, while extending their advisor capabilities, with support throughout the application process.
“We are pleased to join forces with The Fold to support accountants who want to maintain their independence and continue to grow despite legislative changes,” he said.
“The team has extensive knowledge of the financial services regulatory regime as well as specific expertise on the ongoing requirements accountants will face once licensed.”
