We are excited to announce that KSG was granted an Australian Financial Services Licence (AFSL) on the 14th July 2016 (AFSL Number 484506).  As at 11 August 2016 ASIC have only granted 366 licenses to accounting practices throughout Australia. Our licence ensures that we can continue to provide advice on superannuation, and in addition advise on other financial products under ASIC’s new licensing regime for accountants which commenced on 1 July 2016.

What services can we provide under our licence?

Our licence allows us to provide financial advice on:

  • Establishing a Self Managed Superannuation Fund (SMSF)
  • Winding up an SMSF
  • Making superannuation contributions
  • Commencing pensions from a superannuation fund
  • General insurance (*)
  • Life insurance (*)
  • Financial securities (*)
  • Simple managed investment schemes and basic deposits (*)

* Whilst we can provide broad advice on insurance and other financial products as noted above, we cannot make recommendations on specific products.  However, Jeremy Rankin of  KSG Financial Planners is authorised to make these types of recommendations so that all of our clients’ needs continue to be met under the one roof.

Please note accountants who are not licenced from the 1 July 2016 are no longer able to give advice on the above services.

What this means for our clients

  • The number of services we can provide as accountants has expanded. For example we have not in the past been able to give you advice on the appropriate level of life insurance for your individual circumstances.
  •  Many of our staff have undergone extensive financial services training in the past twelve months to ensure we have the skills to provide these extra services.  ASIC also requires us to keep up to date with financial services training (in addition to those requirements imposed by our professional bodies).  You can be assured that our firm has the necessary skills to provide you with quality personal financial advice.
  • The addition of financial services to our practice means we can provide you with an enhanced  service, focusing on all of your accounting, tax and financial needs.

We are excited about the future and look forward to being able to provide you with an enhanced level of  service to give you peace of mind as you grow and protect your wealth.

If you are interested and would like to hear more please call us on 9406 5900 to discuss at your convenience.