The custom built Merit Wealth SOA Advice App is designed to make light work of creating a compliant Statement Of Advice (SOA) for Accountants. Just wait till you see how quickly and easily it can be done!
An 'Accounting-centric' Limited Authorisation
option for Accountants
As a professional accountant, you want to keep looking after your SMSF clients post the 1 July exemption. Right?
To do that legally now, you need to be licensed or authorised under an AFSL and ASIC compliant... or you could unwittingly be facing harsh penalties.
The Merit Wealth Limited Authorisation (AFSL) was developed by an accounting centric group with a public practice heritage (as opposed to a financial services company with an added option for accountants).
We like to think we are the best of both world's for the accounting community: SMSF Knowledge; financial services capacity; with public practice roots. Our model has been designed by accountants, for the way that practitioners work.
Complete Service in
a Single Package
If you’re like most professionals, you just want to get on with looking after your clients.
We help you meet your compliance obligations, keep up to date with pragmatic training, and provide quality advice to your clients.
Systems to Make it Easy & Efficient
We intimately understand ASIC’s compliance requirements and have created a way* for you to be fully compliant and deliver a high quality, efficient service to clients.
* The secret is in our purpose built systems and approach. Let us show you how much easier a Statement Of Advice (SOA) is under the Merit Wealth Limited Authorisation.
What Do We Offer?
ASIC Compliant Documentation & Advice Strategies at Your Fingertips & 24x7
We know you are busy and need information that is meaningful, relevant, and easy to understand.
Our automated SOA Builder App and Knowledge Portal are online 24/7. Access the information when you need it and it suits you.
Advice strategies are delivered in plain English and the standard documentation necessary for you as an adviser, is all available at the click of a button or two.
Technical Support & Help Desk so you can Talk to a SMSF Specialist When You Need One
We know you know super. But sometimes you need to confirm your understanding or check on something with a specialist.
As a Merit Limited Authorised Representative, you have access to our SMSF specialists when you need them.
Our technical help desk is available online, or if you need someone to talk to, it's as simple as picking up the phone.
Professional Development with Ongoing Flexible Training Options (Webinar & Group)
Ongoing education and PD is just part of being a professional accountant.
We provide an ongoing Professional Development program throughout the year, much of which you can access by webinar - So, you don’t have to leave your office and you can make the best use of your time.
This will be supported by face-to-face programs scheduled across Australia.
Keep Up To Date, If & When Change Occurs
We will keep you up to date when change occurs. If there are changes that affect you and your Limited Authorisation we will keep you up to date. This includes changes in the SMSF area that you are advising on.
Through our online information portal and email updates you will know when change occurs, and importantly what it means for you and the clients you are advising.
Advice Beyond Your Limited Authorisation If You Need It
Your Limited Authorisation allows you to provide specific advice to your clients. At times you may have clients who need advice that goes beyond your authorisation.
At your discretion you have access to Merit Wealth financial planners who can assist you with this - A seamless delivery to your clients within the one dealer group. And, your client relationship is fully protected.
Transition To Our Full Advice Model If You Want More
At some stage you may decide that you want to progress your qualifications beyond a limited authorisation.
If you do, then we can assist you in the transition to a full advice model.
No need to change dealer group and no changes for your clients.
Business 'Not Quite' As Usual
Our updates, webinars and events are aimed at helping you to adjust to best practice without the Accountants' Exemption. Subscribe to receive only relevant information by email (and a complimentary copy of our Limited Adviser Newsletter - "Asset"), or just connect with us on Linkedin.
Not Licensed? What You Can & Can't Do Post 1 July (Webinar)
The focus of this webinar is on accountants who are not licensed.
But even for the firms who have authorised accountants, you need to have procedures and protocols in place to manage SMSF advice and ensure that your non-authorised accountants operate within the legislation.
This webinar is designed to assist you to comply with the new requirements and includes:
SMSF advice that is affected by the new rules
What constitutes advice
Provision of factual or tax advice
Liability – is it at a firm or individual level?
Compliance steps every firm should have taken by now
How ASIC is monitoring compliance
Led by Greg Hayes, this session walks you through the changes and provides practical examples of what can and can't be done.
"The greatest danger for you is to believe that nothing will change and you can simply do what you have done in the past. The ground changes for us all." Greg Hayes
The Top 5 Questions Asked About Limited Licensing
Over the last few months, we’ve been inundated with questions about the removal of the accountants’ exemption and Merit Wealth’s ‘accounting centric’ Limited Authorisation.
We know that most accountants are not looking to operate their own license. Most will be authorised by an existing dealer.
Here are the questions accountants are asking us:
Q. How much will it cost?
A. Merit Wealth has one of the most cost effective solutions in the market and you pay it by monthly subscription...
Accountants' Exemption Webinar
On 1 July 2016, the accountants' exemption to advise clients on SMSFs is removed. To continue your traditional work in this area, you will need to hold or operate under a full AFSL, hold a Limited Licence or be authorised under a Limited Authorisation.
This webinar run by Greg Hayes walks you through your options and the advantages and disadvantages of each.
Navigating RG146 Webinar
To provide SMSF advice post 1 July 2016, you will need to operate under a full Australian Financial Services Licence (AFSL), limited AFSL, or be authorised by an AFSL. But that's not all. Every adviser needs to complete RG 146.
This webinar run by David Moss takes you through the requirements, tips and tricks that you should know before making any decisions.
What you can and can't say to your clients post 30 June 2016
If you are not licensed or authorised by a licensee, from 1 July 2016 you can no longer engage your clients in conversations about areas such as:
Setting up a SMSF
Making tax deductible or non-deductible contributions into super
Paying lump sums or commence pensions out of super
Withdrawing & making recontributions in super
SMSF borrowing arrangements