6 Tips that Save Money or Spring New Business Growth.

Although the start to 2021 has been a little shaky, hopefully this year will be different to the last 12 months. If you haven’t already, take a look at six key ways in which you can reformat some areas of your financial services firm up to make 2021 your best year yet.

Offshoring SMSF compliance work alternatives

Over the last decade outsourcing work offshore has been a trend in the Australian accounting landscape. Often one of the first areas an accounting practice will look to offshore is their SMSF compliance work. Although I don’t have an issue with offshoring in general as a business solution, for a number of reasons I believe […]

The Sole Trusted Adviser

“What do clients want?”  It’s the question that advice businesses ask themselves. For a long time the financial services industry has been widespread with providers engaging with a client individually for all facets of their lives. Mortgage brokers, financial advisers, accountants, bookkeepers and banks to name a few have historically had one on one relationships […]

Should you really be working on your holiday?

First of all, if you are reading this whilst sipping on a Piña colada on the beaches of the Bahamas with the sounds of ukeleles in the distance I want to thank you 🙂   Seriously though, should you be working right now? While most Australians are enjoying a break in preparation for 2018, those […]

New Payments Platform (NPP) opportunities

Early in 2018, the New Payments Platform (NPP) will become operational and enable (almost) real-time processing of transfers between financial institutions. The implications of this for SMSFs and the financial services industry as a whole cannot be underestimated. The NPP will be a game changer. Think of the NPP as the rails and overlay services […]

Fintech thinking needed for SMSF advancement

Fintech offerings are re-shaping financial services by showing how nimble and efficient common financial and investment tasks can become. For example, robo-advisers have enabled investors to quickly and easily set up an account online, determine their risk profile and be invested into a diversified portfolio in less time than it takes to drive to a […]

Does outsourcing put SMSF client data at risk?

Many financial advisers are engaging in offshore outsourcing, but there are smarter initiatives available that keep clients’ private financial data onshore while keeping jobs in Australia.   [rt_reading_time label=”Reading Time:” postfix=”minutes” postfix_singular=”minute”]   We are seeing a surge in Australian financial services firms outsourcing a large proportion of its operations to offshore providers. While it […]

How ‘zero touch’ SMSF Admin can help your business

  Technology is quickly shaping the SMSF industry and is impacting all involved. Now, let’s not get caught up in all the hype around ‘Artificial Intelligence’ and ‘machines taking over jobs’ and really focus on the shift that is happening as we speak. Technology and data advancements are driving operational efficiencies and increasing the sophistication […]

The Issue of Offshoring Results 2017 – What do trustees think?

  Australians are uneasy with their personal financial information being sent offshore by accountants and advisers, according to a survey we conducted. Data indicates overall adverse attitudes towards sensitive personal and financial information being accessed by unknown entities overseas, particularly when it comes to privacy and security. Key findings from the survey revealed that respondents […]