One of our core beliefs is that ‘Financial Planning’ is not a completely separate discipline from the financial advice provided by an accountant regarding tax liabilities or budgeting or business structures. The main benefit an adviser can provide to a client is strategy based, not product based. Those in the industry who sell financial products are just salespeople, not true advisers.
Our firm is an authorised representative of Lionsgate Financial Group Pty Ltd AFSL 342766. As such, we can offer a range of insurance, investment, superannuation and retirement strategies and products. Please note, most of our advice does not involve payment of commissions. Where commissions are received, they are rebated in full to clients.
In our firm, the tax, accounting and financial planning services are integrated into the one package and we do not accept any commissions or kick-backs. There are huge benefits in operating this way. Preparation of the annual tax return becomes a natural time to review strategy and ensure that plans put in place are being realised. The reasons for any significant variance from the planned outcome can be investigated and adjustments made as deemed necessary. Having all the key financial services provided under the one roof means there is much less risk of miscommunication leading to sub-optimal outcomes.
We strongly believe that an accounting practice with a strong tax focus is the best place for true financial planning to occur and for quality financial advice to be provided.