About SMSF Advisers Network (SAN)
SAN is an Australian Financial Services Licence (AFSL) owned and operated by the NTAA. Its purpose is to support members for the provision of SMSF advice with the removal of the accountant’s exemption.
Since July 2016 accountants have needed to be licensed under an AFSL to be able to provide advice to their clients in relation to Superannuation and SMSFs.
Many financial planning groups have been offering accountants services under their AFSL, however most offers approach advice from the perspective of becoming a full blown financial planning business.
The NTAA, understanding that there are certain requirements in operating under an AFSL, are seeking to operate the SMSF Advisers Network from the perspective of the accountant - that you are already running a busy and successful accountancy practice and do not necessarily have the desire to operate a full service financial planning operation.
In this manner, the SMSF Advisers Network AFSL restricts authorisation to advice in relation to a clients’ SMSF needs. Authorisation will allow members to advise clients not only on the set-up of an SMSF, but also the change to pension, establishment of LRBA structures as well as specific contribution levels, rollovers and the provision of an asset class investment strategy based on the individual member's investor risk profile.
SMSF Advisers Network is your support for the ongoing advice you wish to give to clients regarding SMSFs.