More than just home loans
The lines of distinction between financial service providers has blurred significantly over the last 15 years with a move towards “one stop” shop practices where a client can obtain not only tax and accounting advice, but also investment planning and finance advice.
Finance has become the “must provide” value added service for accounting and planning practices - just as financial planning emerged in the 1980’s and 1990’s. Basically a practice has to become highly specialised or move with the flow.
Provision of financial advice and product placement also has the capacity to provide substantial additional fee income for your practice. We estimate that the average accounting firm can add up to 30% to net operating profit per client from this source.
Any activity that is going to add up to 30% to the bottom line will represent a major investment in capital, staffing, resource allocation and time. There are no options if a quality service is to be provided – it has to be done properly, and with the right controls.
There is one unique solution that has been developed over more than 25 years of working closely with accountants and other professional advisers.
The AFN Strategic Partnership is a long term strategic alliance between the professional adviser, Australian Finance Network, and AFN Corporate Finance to provide a full range of finance products and professional advice to your clients.
The Strategic Partnership structure is a scalable solution that will work with all practices from single practitioner upwards. It offers the following benefits: