The magic formula for accountants and financial planning
For some-time I’ve been observing how the financial services industry promotes traditional financial planning models as the licensing answer for accounting businesses. And just like the diversity of accounting practices, there isn’t one ideal model. In fact, I believe the existing models only cater for a limited number of accountants. This could go a long way to explaining why so few accountants have pursued licensing. And also why so few accountants have a strong relationship with a financial planner. Over the last 12 months, my business has handled hundreds of licensing queries as we supported various professional accounting bodies with their member queries.