Perpetual Private has announced a new partnership with Cowell Clarke Commercial Lawyers as part of its Accountants Partnership Program for independent accountants.

The partnership will support accounting practices who choose to obtain their own limited Australian Financial Services Licence (AFSL), which will come into effect on July 1.

The online portal, Cowell Clarke Connect, will give accountants access to ongoing legal advice, support and tools to easily stay abreast of legal developments impacting compliance obligations.

Nathan Jacobsen, General Manager Professionals, Perpetual Private, said the partnership strengthens Perpetual’s suite of support services and tools for accountants, and will help with the transition to the new licensing framework.

“We are excited to bring the expertise of Cowell Clarke to our Accountants Partnership Program and support our members to manage their compliance obligations.

“The ongoing compliance support will greatly benefit accountants, many of whom might still be considering if managing a limited licence is right for their practice.”

Cowell Clarke partner Catherine Evans said, “We are pleased to be partnering with Perpetual, an organisation that not only provides quality financial services, but also works closely with their accountant partners to manage and grow their practices.

“This partnership will allow us to work together to create a smooth transition for accountants who may feel overwhelmed with the changes they may need to implement.”

Mr Jacobsen said Perpetual is committed to supporting accountants to help them broaden and strengthen their service proposition.

“A key factor behind the trusted advisor reputation accountants have built is independence, and our Accountants Partnership Program is designed to support accountants who want to maintain their independence and grow their practices.

“Given the tight timeframe for accountants to determine their licensing path, some may feel the only option they can take is to turn to the Authorised Representative model. This is not the case.

“Today’s announcement will help minimise the uncertainty of navigating the new market.”

Source: Perpetual

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