Support growing for advice/accounting convergence
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
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
