How can an SMSF licence help you make the transition to a market leader?
Many practice partners recognise the benefits of becoming an authorised SMSF representative – the challenge lies in making it a reality. Our feedback reveals that one of the highest ranking factors in choosing the right SMSF licence option is the guidance provided in transitioning a business from a typical tax accounting business to an operational, licensed, strategic-advice based business.
SMSF Advice was set up specifically to support accountants through this change. To provide clarity and guidance for businesses keen to embed themselves as SMSF accountant specialists. And to ensure these professionals, and their clients, maximise the opportunity of a rapidly growing sector.
If you are still considering whether you need to become licensed for accountant SMSF advice, we encourage you to download our industry leading white paper To Licence or Not which gives a thorough overview of what licensing can deliver – plus an apples for apples cost comparison of the SMSF licence options.
1 APRA Statistics, Quarterly Superannuation Performance March 2014.
Deloitte, Dynamics of the Australian Superannuation System: The next 20 years 2013 – 2033
2 ATO, Self-managed super funds: A statistical overview June 2013, August 2013
AN AUTHORITY DESIGNED FOR ACCOUNTANTS
Our strategic authority designed for accountants ensures you can offer all of the strategic SMSF advice elements that most specialists are currently providing.
The SMSF Advice strategic authority gives you the scope to offer a broad SMSF accounting service without tying you to specific products and enables you to:
- Establish and wind up SMSFs
- Give class of product advice
- Perform risk profiling
- Provide asset allocation advice
- Provide investment strategy advice
- Develop transition to retirement strategies
- Give debt consolidation advice
- Build a successful SMSF accounting package suited to your business
What does SMSF Advice offer accountants?
Phase 1 – preauthority
Transition to licensing program
An intensive six-month program built specifically for accounting businesses that want to become licensed so they can provide SMSF accounting services and strategic SMSF advice.
TTL program covers:
- Para planning support.
- SMSF specialist accreditation.
- Client base analytics.
Phase 2 – obtaining an authority
Accountant SMSF advice and services to help meet legal and compliance obligations when obtaining an authority.
- Obtaining a Strategic Authority.
- Risk management.
- Compliance programs to monitor individuals giving advice.
- Handling complaints.
Phase 3 – maintaining and capitalising on the authority
Support services to help meet SMSF accountant responsibilities
- Keeping up with regulatory change
and SMSF accounting standards.
- Education – ongoing CPD, specialist
accountant SMSF training.
- Advice processes, templates and
guidelines that are always current.
- Research – economic, market and
investment research and commentary.
- Technical and strategy support –
help desk, strategy guides,
- Opportunity to network with