My vision for financial services in Australia

Ahead of launching my new book, Partnering with Accountants, I’d like to lay out some thoughts regarding financial services. It’s always been the case that most people are under-insured. Many don’t have enough savings to live comfortably in retirement. And there’s a great deal of uncertainty about the future.

Sure, if we can get it right, legislation has a role to play but resolution needs to go much further.

The remedy for this situation must be the provision of good, solid, dependable financial advice to more people. In my experience, this is where you get an accountant, a financial planner and client together in the same room, with a whiteboard. Quite simply, good things happen when these elements come together. I’m convinced that if enough of these conversations happen around the country then the wealth of the Nation will increase considerably.

For this to occur, accountants and financial planners need to be on the same page. For too long these two professions have not been on the same page, let alone productively working together. In order for successful collaboration to occur, both sides need to be more informed about one another and to have better paths to follow.

I hope that this new book will provide financial advisers with the knowledge, confidence and processes to vastly improve their interactions with accountants.