As technology transforms the accounting industry, firms can reinvent their practice by building a combined advisory business.

The future of accounting involves a broader array of financial services, but that doesn’t mean accountants should try and do it all themselves.

Too many scandals have plagued the advice industry. Winning back trust requires more than educating advisers, it requires educating licensees. A collaborative approach by industry can make it happen.

Accountants who continue to give SMSF advice without a licence are playing a dangerous game as the corporate regulator begins a crackdown on the sector. But there is a simple solution.

ifa's sister publication Fintech Business has announced the finalists of its inaugural awards, following an overwhelming number of high quality award submissions. 

Non-aligned dealer group GPS Wealth has announced further upgrades to its MoneyBowl advice software, as well as a new partnership with an accounting technology firm.

Independent dealer group GPS Wealth is set to expand its MoneyBowl software to include a new calculator aimed at helping clients focus on planning their retirement and modelling pension-phase income.

Accounting will be one of the next professions savaged by digital disruption with up to 40 per cent of the work traditionally completed by accountants already being done by cloud-based computer programs and cheap, qualified bookkeepers, according to a confronting new white paper by non-institutionally owned licensee GPS Wealth.

The July 1 deadline for gaining a limited Australian financial services licence (AFSL) under Australian Securities and Investments Commission’s (ASIC) relaxed transition rules has come and gone, and the regulator is homing in on accountants giving advice beyond their scope.

Financial planner Ben Budge, GPS Wealth’s 2016 Adviser of the Year, shares his philosophy on advice. Greg Holman writes.  

With ASIC “actively monitoring” the establishment of new SMSFs to ensure accountants aren’t giving advice beyond their scope, one firm director believes it’s likely many are risking serious penalties by overstepping the mark. 

Every year GPS Wealth, like every licensee, holds an annual awards night. The awards are designed to acknowledge the advisers and practices that have fulfilled key criteria set by the group’s board and executive team.

Leading independently-owned dealer group GPS Wealth has launched a complete software package for accounting firms including a cloud-based version of its popular Statement of Advice (SOA) tool and a range of financial calculators, in a bid to help accountants deliver quality, compliant advice and run more efficient practices.

Financial services dealer group, GPS Wealth, has launched a cloud-based version of its statement of advice (SOA) tool, along with financial calculators for accountants.

Leading independent dealer group, GPS Wealth has named Brisbane-based financial planner Ben Budge as the group’s 2016 Adviser of the Year while Insight Wealth Planning in Kotara, New South Wales has the received the coveted Practice of the Year Award.

The scrapping of the accountants' exemption to advise on self-managed superannuation funds (SMSFs) without an Australian financial services licence (AFSL) presents an opportunity for accountants to increase their revenue and profitability inside the accounting firm.

The director of Australian financial services for CoreData, Sean Allen, says the 2016 licensee of the year winners share some common characteristics.

Some of Australia’s best non-aligned financial advice practitioners and businesses have been recognised as finalists in the prestigious 2016 ifa Excellence Awards.

Professional Planner and leading research firm CoreData today reveal the finalists in the 2016 Professional Planner/CoreData Licensee of the Year awards.

The co-founder of financial planning and accounting dealer group GPS Wealth, Greg Holman, has warned that advisers and accountants will need to increasingly automate processes and create ‘turnkey’ solutions in order to remain profitable in an age of digital disruption.