David Smith has been appointed chair of a firm that offers services to accountants not looking to become licensed under an AFSL when the accountants' exemption expires.
The firm, FPT Wealth, provides a service that essentially facilitates the outsourcing of “high-end financial advice”, removing the need for accountants to operate under an AFSL.
FPT Wealth said it is pleased to welcome Mr Smith to the firm's ranks.
“David has had a long and distinguished career working with the accounting industry, including a partner role at PKF, now BDO. He is also past president of The Institute of Chartered Accountants in Australia, now Chartered Accountants Australia+New Zealand," said Tony Bates, director, FPT Wealth.
“As our limited licensing solution for accountants, FPT WealthBox, gains further traction, we believe David's extensive experience and leadership will assist greatly with our growth and continuing market penetration,” Mr Bates said.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 22 Sep 2017ASIC permanently bans SMSF property spruikerBy Miranda Brownlee
- 22 Sep 2017Male SMSF investors ‘bigger risk takers’, says reportBy Staff Reporter
- 22 Sep 2017Lawyer flags subdivision trap with downsizer contributionsBy Miranda Brownlee
- 22 Sep 2017ATO urged to address ‘unknowns’ with LRBA reportingBy Miranda Brownlee
- 21 Sep 2017Lost and unclaimed super climbs to $18 billionBy Lara Bullock
- 21 Sep 2017ATO to release further guidance on reservesBy Miranda Brownlee
- view all
- Male SMSF investors ‘bigger risk takers’, says report
Male SMSF members tend to hold a greater share of assets in higher risk investments including domestic shares and property in comparison to ...read more
- Lawyer flags subdivision trap with downsizer contributions
SMSF trustees planning to make downsizer contributions have been warned that if a property has been subject to a partial sale in the 10 yea...read more
- ATO urged to address ‘unknowns’ with LRBA reporting
The ATO has been asked to provide further clarity around the events based reporting requirements for LRBA repayments, with the new requireme...read more
- view all