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Accountants' Strategic Advice Program (ASA)

Who should complete this program?

The Accountants' Strategic Advice (ASA) program is ideal for Accountants wanting to engage on a deeper level with their clients and provide strategic 'class of product' financial advice without recommending a product solution.

 

Pre-enrolment Information

There are many factors to consider prior to enrolling into any course. Please click here for our pre-enrolment information and pick up the phone to speak with one of our experienced course consultants.

 

Which RG146 compliance areas are included?

The ASA program is comprised of 5 modules that comprise the FNS50615 Diploma of Financial Planning and include the RG146 Specialist Knowledge areas of:

  • Financial Planning (advice),
  • Insurance,
  • Superannuation,
  • SMSF,
  • Managed Investments,
  • Securities, &
  • Skills

Margin Lending can be added as an optional extra if required.

What subjects do I need to complete?

On completion of modules 1 and 2 participants will achieve the FNS50615 Diploma of Financial Planning. Participants must complete modules 1 and 2 to acquire the essential skills and knowledge required to complete the remaining modules. While the remaining modules 3 and 4 of the program may be completed in any order, it is strongly recommended participants progress sequentially through the program. Please note module 4 (PSR) must be completed before a progressing to the SMSF Specialist module.

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What Study options are available?

Students have 18 months to complete all 5 (five) modules.  The ASA program can be completed:

  • Online - Participants can enrol anytime (apply here) and complete their studies through the 'myIntegrity' Student Portal.  All students receive unlimited phone and email support, and provided with detailed and individualised feedback in relation to their assessments.
  • Workshops (Classroom) - Corporate workshops are available on demand. Please call our offices to discuss your requirements.

What is the Program Fee structure?

Accreditation Program RG146 Compliance Attained Study Options & Course Fees ^
Accountants' Strategic Advice (ASA)

• Financial Planning (advice)

• Insurance

• Superannuation & SMSF

• Managed Inv & Securities

• Skills

Online

$1,699

Apply Now
Workshops ^

$3,499

(9 days*)

Apply Now

^ Groups of 5 or more may receive a concession on course fees. Please contact info@integrity.edu.au with more details.

* The 9 day workshop program has been tailored to take in to consideration an Accountant's professional and educational experience.  If participants choose to attend the public version of the same workshop program then attendance with be 10 days to accommodate a broader range of Participants.  The course fee remains the same.

Accountants' RG146 Advice Authority - what are your options?

When the Accountants' Exemption ends on 30th June 2016, those Accountant who provide services (and most likely advice) in relation to the setup, maintenance and pension-phase transition of SMSFs have the following options:

Option 1. Obtain and maintain a limited Australian Financial Services Licence (AFSL) - (Annual ongoing costs extimate at approx $35k pa.)

Option 2. Become, or recruit, an Authorised Representative of an Australian Financial Service Licence (AFSL) holder.

Option 3. Refer clients to Financial Advisers - enter referral relationships and partner with a Financial Adviser.

Option 4. Do nothing and provide no SMSF services - thereby, losing not only revenue but (potentially) clients to other Accountants who can service the client's full needs.

The most popular solution is...Option 1 (see article about ASIC & Accountant AFSL Application numbers November 2015)

It is important to research your licensing options as well as the RG146 training to ensure they are in line with the business goals you are trying to achieve. For example, if you decide to become an Authorised Representative with AMP SMSF Advice, you may need to undertake the Accountants' Strategic Advice (ASA) Program with Margin Lending to meet their internal compliance requirements. If you would like more information on licensing options, please call us on 1300 400 346.

Advice Authority Levels - which is the right solution for you?

The Accountants’ TTA programs provides full RG146 compliance to provide advice in the fastest growing segment of the superannuation industry - SMSFs. The Programs allow you to adopt a flexible business model to accommodate your client’s needs. The options within the Program provide choice for you to position your accounting business to provide strategic financial advice, and thereby lock in the longevity of the business and enhance its overall value for when you ultimately exit.

Rules from 1st July 2016 - limitations & restrictions if you are NOT RG146 Accredited?

You CANNOT do the following things without RG146 training and AFSL authorisation, even if you are a recognised accountant:

  • You cannot give any advice that relates to the particular assets or investment strategy of the SMSF, including whether the trustee should acquire or dispose of certain financial products or classes of financial product.
  • You cannot recommend that the client dispose of interests in another type of superannuation fund (such as an employer fund or public offer fund), or any other type of financial product, even if the recommendation is for the client to dispose of that product in order to establish or join a SMSF (for example, by rolling over funds from the other superannuation fund to the SMSF).
  • You cannot recommend that the client change the investment strategies or contribution levels of another type of superannuation fund. That is, you cannot recommend that the client stop contributing to an existing superannuation fund and instead make contributions into a SMSF. You cannot give advice to switch between investment options.
  • You cannot recommend that your client should not invest in other types of financial product.
  • You cannot recommend that your client join an existing SMSF unless that recommendation is reasonably necessary to, and an integral part of, advice about the establishment, operation, structuring or valuation of the fund.

Units of Competency (What's covered in the AEA Program?)

The Accountants' Essential Advice (AEA) program is ideal for Accountants who simply want to be able to continue to establish or wind up Self-Managed Super Funds for their clients as well as continue to recommend superannuation contributions, pensions etc.  The AEA is not designed for Accountants who want to provide holistic, broad-based financial planning advice about a client's investments or personal insurance needs.

Units of Competency

  • FNSASICZ503 Provide advice in financial planning
  • FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
  • FNSFPL502 Conduct financial planning analysis and research
  • FNSFPL503 Develop and prepare financial plan
  • FNSFPL504 Implement financial plan
  • FNSFPL505 Review financial plans and provide ongoing service
  • FNSFPL506 Determine client requirements and expectations
  • FNSASICU503 Provide advice in superannuation
  • FNSCUS505 Determine client requirements and expectations
  • FNSCUS506 Record and implement client instructions
  • FNSINC501 Conduct product research to support recommendations
  • FNSIAD501 Provide appropriate services, advice and products to clients
  • FNSSMS501 Invest self-managed superannuation funds assets
  • FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services
  • FNSSMS601 Provide advice in self-managed superannuation funds
  • FNSSMS602 Apply taxation requirements to advising in self-managed superannuation funds
  • FNSSMS603 Apply legislative and operational requirements when advising in self-managed superannuation funds

Units of Competency (What's covered in the ASA Program?)

The Accountants' Strategic Advice (ASA) program is ideal for Accountants wanting to engage on a deeper level with their clients and provide strategic 'class of product' financial advice without recommending a product solution.

Units of Competency

  • BSBITU402 Develop and use complex spreadsheets
  • FNSASICZ503 Provide advice in financial planning
  • FNSFPL501 Comply with financial planning practice ethical and operational guidelines and regulations
  • FNSFPL502 Conduct financial planning analysis and research
  • FNSFPL503 Develop and prepare financial plan
  • FNSFPL504 Implement financial plan
  • FNSFPL505 Review financial plans and provide ongoing service
  • FNSFPL506 Determine client requirements and expectations
  • FNSFPL508 Conduct complex financial planning research
  • FNSINC401 Apply principles of professional practice to work in the financial services industry
  • FNSASICX503 Provide advice in life insurance
  • FNSASICU503 Provide advice in superannuation
  • FNSASICT503 Provide advice in managed investments
  • FNSASICW503 Provide advice in securities
  • FNSFMK502 Analyse financial market products for client
  • FNSFMK503 Advise clients on financial risk
  • FNSCUS505 Determine client requirements and expectations
  • FNSCUS506 Record and implement client instructions
  • FNSINC501 Conduct product research to support recommendations
  • FNSIAD501 Provide appropriate services, advice and products to clients
  • FNSSMS501 Invest self-managed superannuation funds assets
  • FNSSMS505 Support trustee in the selection and performance monitoring of outsourced services
  • FNSSMS601 Provide advice in self-managed superannuation funds
  • FNSSMS602 Apply taxation requirements to advising in self-managed superannuation funds
  • FNSSMS603 Apply legislative and operational requirements when advising in self-managed superannuation funds