Premium reaches out to accountants
Boutique dealer group Premium Wealth Management has launched a new service aimed at helping accountants deal with the new licensing regime replacing the accountants' exemption.
Announcing the launch of the new service this week, Premium Wealth chief executive Paul Harding-Davis said the dealer group was developing practical training workshops for accountants who wanted to continue providing SMSF advice once the accountants' exemption comes to an end.
"Through the workshops accountants who are new to financial planning will also have access to networking and mentoring from Premium's highly experienced financial advisers, most of whom are also accountants," he said.
Harding-Davis said the workshops would be part of the licensing services that are available to accountants from Premium Wealth, with the program offering three tiers of licensing along with the necessary support services such as training, professional indemnity insurance, software support, research and planning.
"We believe the referral opportunities our licensing program will create will be of significant value for both the advisers and the accountants in our network," he said.
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
