The advice/accounting convergence – good or bad?
Amid suggestions that the fall-out from the Royal Commission and the exit of major banks will drive a further convergence of financial planning and accounting, Money Management is seeking to determine what is really happening in the advice sector.
With that in mind, it is surveying advisers to determine how many of them are working in a converged advice/accountancy environment, how many would be willing to do so and whether they see any particular advantages in the model.
The financial planning industry has for most of the past 20 years also lobbied the Government for the to make financial advice tax deductible, and Money Management wants to know whether advisers believe this should be confined to the provision of holistic advice or include less complex, product-oriented advice.
Please take the time to complete the survey here: https://www.surveymonkey.com/r/V8Z76MF
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
