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Merit Wealth announces exclusive software agreement

Merit Wealth today announced an exclusive software agreement with Midwinter Financial Services.

News Mitchell Turner 21 August 2015
— 1 minute read

The Midwinter service, AdviceOS, will be rolled out among the firm’s adviser network on 30 August 2015, allowing Merit Wealth to expand its operations and to keep up with demand for the limited authorisation model offered to accountants.


Speaking to AccountantsDaily, Greg Hayes, director of Hayes Knight, noted the importance of supporting the limited authorisation offer.

“The provision of the limited authorisation is designed to give accountants an effective alternative to a limited licence and allows them to do what they do best, which is provide the advice to their clients, with the support and back-up of a dealer group that provides them with an authorisation and support for that authorisation”, said Mr Hayes.

With the removal of the accountants' exemption on 1 July 2016, Mr Hayes claimed the current take-up of limited authorisation was strong, with numbers set to increase significantly as the 30 June deadline approaches.

Mr Hayes also spoke of his expectations regarding future take-up and detailed the infrastructure in place to support accountants.

“Whilst we know it won’t happen, if we had 500 limited authorisations in place over the next month, the infrastructure is in place to support those people,” he said.

Mr Hayes urged accountants to weigh up their options now in regards to future licensing.

“Some of the ones that leave it right to the end, it won’t be a smooth transition," he warned. "It will be dislocating to their practice and there may be a period of time where they’re precluded from doing something because they don’t have a limited authorisation.”

Merit Wealth is a wholly-owned subsidiary of Hayes Knight Financial Services.

Merit Wealth announces exclusive software agreement
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