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Paradigm Group (Paradigm) has announced an offer for accounting practices seeking an outsourced AFSL facility, which it says has already attracted the attention of two prominent firms.
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Two firms tipped to take up new licensing offer
19 October 2015
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The offer, branded and market as Paradigm’s Accounting Licensing Model, is to be promoted selectively as a bespoke offering to accounting practices.
Paradigm Co-founder and managing director Patrick Nalty added that two “substantial” accounting groups have already shortlisted the offering, stressing his confidence that they will adopt the outsourcing model in the near future.
According to Mr Nalty, both accounting firms are long established and sizeable, with processes in place to deliver holistic advice that stretch “far beyond” taxation and compliance.
“Their strength is the quality of financial advice that addresses client business and financial expectations and includes superannuation/SMSF, investment and wealth creation/protection strategies,” he said.
Paradigm noted that both of the firms in question are committed to incorporating the outsourced advice offering into their business operations “long before” the 1 July 2016 deadline.
“Paradigm’s offer reflects both the opportunities and challenges that accounting firms face in providing financial advice and the group expects its end-to-end outsource solution to provide a steady stream of enquiries and interest as the July 2016 deadline rapidly approaches,” Mr Nalty added.
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Mr Nalty concluded by noting that the newly developed offering is only applicable to “specialist accounting practices with prove structures”, and was not a general or “off-the-shelf” solution for the accounting industry.
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