Smithink founder David Smith has been appointed chair of FPT Wealth.
Smith was regarded as a good fit for the position due to his significant experience in the accounting profession, including a partnership at PKF (now BDO) as well as being president of Chartered Accountants Australia and New Zealand, FPT Wealth director Tony Bates said.
“As our limited licensing solution for accountants, FPT WealthBox, gains further traction, we believe David’s extensive experience and leadership will assist greatly with our growth and continuing market penetration,” Bates said.
“FPT WealthBox is a credible answer for accountants who do not wish to become licensed planners but want to retain the key client relationships while their clients receive excellent wealth advice.”
In addition to Smith joining TP Wealth’s ranks, James Malcolm was appointed as director of practice development.
Malcolm has extensive accounting industry experience, having worked with many of the country’s top firms.
In his new role at FTP Wealth, he will be responsible for client partner acquisitions, assisting client partners maximise wealth advisory opportunities, and implementing the FTP WealthBox solution.
For the past 26 years, Malcolm has been advising accounting firms on how to use software platforms and other service delivery models to improve productivity and profitability.
FPT Wealth provides advisory solutions to accountants who are not interested in becoming licensed.
Through the use of FTP WealthBox, accountants can outsource the advice needs of their clients without undertaking RG 146 training.
Under the arrangement, the accountant retains ownership of the client while FPT WealthBox takes on the compliance risk of the statement of advice process without involving the practitioner.
