More than 14,000 advisers are expected to exit the financial advice industry over the next five years, representing $900 billion of net client wealth in transition.

Accountants servicing SMSFs have been urged to look at funds in a digital light as digital has become crucial to modern administration.

The implementation of specialised SMSF administration software allowed for more efficient servicing of clients with regard to determining the implications of the super reforms, an accounting firm partner has said.

Finding the right people is the critical element for accountants who want to build a successful financial planning arm within their existing practice, according to the head of a specialist business partnership group.

Accountants looking to expand beyond compliance work into business advisory should not attempt to service all clients instantaneously, but rather start small in order to create a strong, recurrent offering.

Financial adviser demand has increased for access to SMSF content to share with their clients, including information about deciding whether an SMSF is appropriate, what is involved with setting one up, investment management and trustee obligations, according to IRESS.