Premium Wealth CEO, Paul Harding-Davis, also announced that to facilitate the uptake of licences by accountants, Premium is finalising a program that will be made available toaccountants who wish to join the Group.
“Premium was founded by accountants and alignment with accountancy practices and principles have always been central to our business,” he said. “Accountants are among the most trusted professions. And as we know, sadly advisors still do not have the perception of trust they merit. We think that many of the other initiatives introduced via FOFA will only have a small impact on rebuilding this trust in the eyes of the community.
“We believe this new accountant’s licencing initiative will increase the uptake of advice and help move financial advice into the status of a profession.
Mr Harding-Davis said it was a natural progression for the firm to offer licencing to accountancy firms.
“We will offer the three tiers of licencing and the support services that go along with it, such as monitoring, audit and training. Additionally, accountants will need to be RG146 compliant, so we will provide access to the necessary training packages, along with a sensible pricing model.”
“We also believe the referral opportunities this will create will be of significant value for the advisors in our network. We think it’s unlikely that all accountants will want to get involved in the specific investment or insurance product decisions by clients, so reliance upon the knowledge of advisors will be essential in this regard.”
The step by Premium is the latest initiative in an active growth strategy.
“We have recently increased the number or advisors in our network and are in discussions with a number of others. We also recently announced that we have formed an alliance with The Emerald Club to provide licensee and dealer group support for members.”
“We think this latest initiative will further enhance the attractiveness of our Group for firms who wish to remain free from institutional imperatives.”
