HLB Mann Judd is eyeing growth in its Family Business Evolution Program offering, which is designed to, among other things, assist family businesses with growth management, protection and succession.
"For example, quite often someone will set up really good businesses, but don’t know how to get out of it effectively," Tony Fittler, managing partner at HLB Mann Judd Sydney, told AccountantsDaily.
Estate planning will also be an area of focus, and Mr Fittler noted the firm has set up an estate advice arm, which handles wills and other estate planning service.
"Estate planning is one of those areas where you can raise the topic and have the initial discussion, but unless you’ve got someone to drive the process, distractions come into play," Mr Fittler said.
Overall, Mr Fittler is gearing for growth in the tax, superannuation and wealth management space over the next 12 months.
"But we’re not looking at particular at acquisitions in those areas. Organic growth is what we’re focusing on, and we’re looking to take advantage of and respond to changes in the tax and wealth management space," he said.
In particular, with the proposed changes to superannuation on the horizon, Mr Fittler anticipates a rise in demand for investment vehicles like family trusts.