FAQs for accountants and advisors
I am not RG146 compliant and don’t want to change the way I do business with my clients. What are my options?
A few of our Accounting firm clients feel the same. It is a costly expense to become compliant and maintain compliance regarding SMSF Advice. Fabio Salvatore is our SMSF Authorised Representative and is authorised to provide advice in relation to self managed superannuation funds to your clients regarding a recommendation to establish an SMSF, advice on contributions or pensions under a SMSF product and recommend to wind up a SMSF.
In the event your clients need SMSF Advice, you can engage Fabio as your Firm’s SMSF Specialist, if and when the need arises. We recommend all client meetings are held at your office to maintain your client relationship and you are involved in the meetings.
How do you charge?
Our fees are based on the size of your clients Fund categorised from small, medium to large. We determine the size by the number of investments held at the end of each financial year. Therefore, you have a good understanding of what your fees will be each year and you can budget for this.
If a major change occurs in your clients Fund, generally there are other administration requirements. For example, starting a pension, purchasing a property or change of members. We will prepare all the necessary documents to ensure your Fund is compliant. We will inform you upfront about the documents and the associated fees.
Do you provide audit services?
Concise Super has business alliances with SMSF registered independent auditors. We can arrange your clients SMSF audit. As part of our service to your Firm we provide the auditor with a complete work papers package for audit and handle any questions the auditor may have.
Do you deal with my clients direct?
When you engage Concise Super, the relationship is with your Firm. Therefore, Concise Super prepares all SMSF client work for your Firm. We direct all queries regarding your clients’ Fund to your office.
If you are not authorised to provide SMSF advice, we can consult with your client as your Firm’s SMSF Specialist.
Where is the work done?
We are an Australian business that operates in Melbourne. All our work is done in Melbourne by qualified Accountants.
What other services can you provide?
Our practice specialises only in SMSF services, hence why we are SMSF Specialists. We help Accountants and Financial Planners add value to their business model with SMSF services. Our current clients’ large and small firms find our SMSF service seamless.
I have more questions…..
If the typical FAQs for accountants and advisors listed do not answer all your questions, that’s ok. Feel free to contact us directly by telephone 03 9838 3055 or via our contact page. We are happy to answer all your questions.
Also, feel free to check out our client testimonials on our website.