Kiwi accountants not planning to follow Australian lead into financial advice
CPA has issued suggested costs for accountants wanting to operate financial planning business under its ASIC-issued license, assuming it receives one.
The CPA Australia Advice pricing model starts at A$695 a month for a basic adviser package, rising to A$1250 a month for a level two Strategic Adviser package and A$1760 for the Comprehensive Adviser package. That includes xplan software licensing.
Kirsten Patterson, country head for Chartered Accountants Australia and New Zealand, said while the New Zealand industry was aware of the changes in Australia, the New Zealand regulatory and superannuation regimes were quite different.
“Any of the changes on that side of the Tasman need to be seen against that backdrop.”
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