New licensing venture for Smithink founder

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.