SEARCH
Australian company launches digital SMSF advice tool
Australian company launches digital SMSF advice tool
Australian fintech company A.S.A.P. have launched a new digital advice tool for SMSF trustees and their accountants.
The company's eponymous A.S.A.P. software was "developed in response to the removal of the accountants' exemption from the financial services licensing regime" and is built using proprietary software that can "identify and segregate" financial decisions requiring licensed advice.
"By definition, self-managed super trustees like to make their own financial planning decisions, with the input of tax advice from their accountant - who now need to become experts in the technical rules about what's in and out of licensing scope," said A.S.A.P. chief executive Jim Hennington.
"Harder still, accountants need to weave this new compliance responsibility into their client conversations without losing their trust and engagement."
The new platform "increases the likelihood that trustees will receive licensed advice when they need it", Mr Hennington said, and help trustees save time and money when compared with traditional accountant referrals.
Mr Hennington said A.S.A.P. would help SMSF trustees seek advice when appropriate while supporting public policy objectives.
"After all, it's no secret that removal of the exemption didn't trigger a flood of new licences, nor did it prove a boon to existing financial planners," he said.
"This can only mean that more trustees than ever aren't receiving professional advice - quite the opposite of what the government intended."
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
