Perpetual Private has announced a new partnership program for independent accountants, building on its extensive history with the accounting profession.
Perpetual has long partnered with accountants to support their needs and since 2010 has owned business consultancy and accounting provider Fordham.
The new program will offer accountants the opportunity to partner with trusted organisations to retain their independence and extend their advisory capabilities. It will also offer accountants a licensing solution ahead of the impending removal of the Accountants’ Exemption for advice on Self-Managed Super Funds (SMSFs).
Under the partnership program, Perpetual is pleased to announce a strategic partnership with boutique law firm The Fold Legal.
Perpetual State Manager Dermot Lindsay said the new partnership will offer accountants assistance to determine the right licence path, licence application support, guidance with policies and procedures, as well as training on the AFS regulatory requirements.
“SMSFs have become a significant driver of diversified revenue for accounting practices and a great opportunity exists for accountants, who have a well-earned reputation as trusted advisers, to broaden and strengthen their service offering – with the right support. The new program will facilitate partnerships for accountants to help them thrive in a changing environment,” Mr Lindsay said.
“We are pleased to join forces with The Fold to support accountants who want to maintain their independence and continue to grow despite legislative changes.”
“We are thrilled to partner with a law firm of such high calibre. The team has extensive knowledge of the financial services regulatory regime as well as specific expertise on the ongoing requirements accountants will face once licensed.
“The Fold have successfully prepared more than 400 AFS and ACL licence applications since 2002 and their knowledge of the licensing process and the regulatory approach is outstanding.”
Jaime Lumsden Kelly from The Fold said they were pleased to be working alongside one of Australia’s most trusted organisations to support Australian accountants.
“Together we are committed to supporting independent accountants to not only manage the upcoming licence changes with minimal disruption, but also to thrive in a post-exemption environment through the right tools and support.”
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