Advisers losing SMSF clients to accountants
Demand for financial advisers from SMSF trustees has declined, as accountants gain more market share, according to a recent report. The FSC/UBS Asset Management SMSF reportshows that 30 per cent of SMSF trustees used an accountant for financial advice, an increase from 25 per cent last year. The proportion of SMSF trustees using a financial adviser, on the other hand, declined from 46 per cent last year to 42 per cent this year.