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
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
There has been a 16.3 per cent rise in the wealth of Australian billionaires this year to over $200 billion, UBS finds, as Australian advisers shift their offerings to meet this expansion and service their unique needs.
AZ NGA is looking to triple in size over the next five years as US investment giant Oaktree completes its $240 million investment in the professional services company.
