InterPrac network grows as accountants take up advice
Dealer group InterPrac Financial Planning has announced that its adviser network is growing across Australia, as more accountants seek to offer financial planning services.
The licensee said in a statement that it now has 180 accountant advisers in its network, and expects to hit 200 by the end of 2016.
InterPrac managing director Garry Crole said the growth is due to changes in traditional revenue streams, costs, technology and client expectations, which are pressuring accountants to reposition their businesses for “a new era”.
Accountants are, in turn, focusing on multi-advice models that include the provision of financial planning services and SMSF advice.
“Together with the removal of the accountant exemption on 1 July, this has been the catalyst for accountants seeking a more comprehensive client service model and we have been the beneficiaries as they seek to implement multi-disciplined accounting, business services, financial planning and SMSF advice,” Mr Crole said.
“However, we have continued to maintain our high standards and not proceeded with enquiries that would not be a cultural fit within InterPrac’s accountant adviser network.
“Looking to the future, the next few years will be really interesting for the sector in terms of the role of the accountant as they reinvent themselves and the value and services they provide to clients,” he said.
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