Accountants coming around to licensing
The latest research into accountants servicing SMSF clients has shown an increasing number of practitioners currently falling into line with the new licensing regime, with even more intending to operate under an Australian financial services licence (AFSL) in the coming years. An Investment Trends study revealed there are 4000 accountants with their own AFSL in 2016 compared to 3000 practitioners who took this course of action in 2015.