Early responses to a Money Management survey have suggested there is growing acceptance that a convergence will occur between advice and accounting practices for the commercial betterment of both professions.
Money Management initiated the survey do discover the degree to which the convergence was occurring and how much support it was actually receiving from active practitioners.
The survey is also intended to determine whether there are any advantages in the converged model.
The financial planning industry had 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