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Dealer group launches 'simple' licensing solution

Libertas Financial Planning is now offering accountants a straightforward licensing solution, designed specifically to meet their SMSF advice needs.

News Michael Masterman 14 August 2014
— 1 minute read

Libertas director Mark Euvrard said the dealer group has worked hard to tailor a simple solution that meets the real needs of accountants.


“I think 90 per cent of accountants are just going to be wanting to talk about self-managed super funds and we have really tailored our offering to those accountants,” Mr Euvrard told AccountantsDaily.

“We have been preparing for this for some time to provide a facility for those accountants seeking an independent/non-institutionally aligned or owned dealer group that can provide them all the tools and services required to fulfil their financial planning needs compliantly,” he said.

Mr Euvrard expects most accountants will wait until early 2016 to act on licensing and said he is concerned this attitude will leave many firms unprepared.

“The licensing regime for the accounting profession is fast approaching and it is of particular concern that many accountants have yet to prepare their practices for the new framework required to provide SMSF advice.”

“I don’t think they realise how long it actually takes to do a bridging course to become RG146 complaint – that can take up to 3-6 months on its own,” Mr Euvrard said.

Eagle Financial, a Sydney-based firm accountancy firm, has already signed up to Libertas’ offer with director David Olofinsky saying the Libertas solution “ticked all the boxes”.

“The special offer to join Libertas at this time was a ‘no-brainer’ as we can now go forward knowing Eagle Financial is trained and compliant – avoiding the last minute panic to fulfil ASIC requirements and as a result, it will be business as usual for our clients in July 2016.”

For accountants looking to provide more than SMSF advice, now or possibly in the future, Libertas also offers more comprehensive licensing solutions.

“We do have a full license so if the accountants do later on want to provide more comprehensive advice they just have to do a couple of extra courses and transfer across,” said Mr Euvrard

“This package can be just a starting point,” Mr Euvrard said.

Dealer group launches 'simple' licensing solution
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