2. What is Rise?
Rise Standards is a Limited Financial Services An accountant’s ability to provide advice using
Authorisation that has been designed to assist Brougham & Vaux’s Rise Standards Model.
Accountants to not only secure the Self Managed
Super Fund (SMSF) arm of their business but also
support them to substantially grow and develop
this area in the future.
It is not just a solution to legislative changes,
it provides significantly more scope for advice
than the current exemption; and enhances an
Accountant’s ability to provide more extensive
support to its clients.
Rise Standards removes the grey line that has for Super (advice)
so long been an area of concern and frustration. Contributions
It removes the need for Accountant’s clients to Salary Sacrifice
seek advice in this area from an external source
Transition to Retirement
and allows them to not only relax when speaking
to their clients but provide them comprehensive Pension Strategies
and appropriate advice in relation to Super, SMSFs Consolidation
and Investments.
SMSF (advice)
Establishment
Membership
Did you know... Acquisition & Disposal of assets
Tax
the number of SMSFs
being established is
growing at a rate of Investments (general)
over 9% per year! Investments
Asset Allocation
(ATO - Self Managed Super Fund Statistical Risk and Return
Report, March 2011) Diversification
An accountant’s ability to provide advice
under the current rules.
Current Exemption 7.1.29A
SMSF
Establishment
Membership
Acquisition & Disposal of assets
Tax
3. What does Rise Provide? The Advantages of Rise
As an Authorised Accountant, you will now be The ability to provide advice in these areas
able to consult and provide advice on all aspects unhindered
of SMSFs and Superannuation plus provide Have the Authorisation to provide a much greater
general advice on investments. B&V are assisting scope of advice to the client
Accountants to turn a potential problem with the Increase the practice’s ability to generate fees
removal of the exemption, into an ideal opportunity Reviewing current client SMSFs with a view to
to grow the SMSF area of their business and improving their overall management
secure their existing clients. Consulting for new clients on a once off basis or
an ongoing management basis
Advice is jointly provided between the
Take a highly professional approach and secure
Accountant and B&V.
new SMSF clients right there and then
The appointments are conducted by the Accountant Secure existing SMSF clients; and
The advice documents and applications are Have more control in the advice process.
prepared, completed and implemented by B&V.
For the purposes of establishing SMSFs,
Accountants can utilise and instruct B&V to provide How to become Rise
this service or they may use their own provider as Authorised?
long as it is approved by B&V.
B&V will provide training to the Accountant in You will need to complete an application form that
the following areas: will comprise of a professional reference check.
The appointment process Depending on previous experience,
Compliance documents accreditations, training and ongoing industry
Advice documents professional development, Authorisation may be
Ongoing client management. granted on completion of the application.
In support of this, our representative advisers If an accredited course in Superannuation and
will also be available in person to provide further SMSFs has not been completed, the Authorised
clarification and ongoing support and training. Representative must complete a course in
Superannuation (covering SMSFs) which forms
What we offer in brief is the following: part of the RG 146 requirements approved by ASIC
Authorisation under our license (Professional before Authorisation can be obtained. B&V can
Indemnity included) provide various training facilitators to choose from.
Licensee manual / Operating Guide We also accept the SPAA SMSF Specialist Advisor
A high level of ongoing support including: accreditation as meeting these requirements on our
All Administration and Advice documents own AFSL Dealer Group level.
Compliance monitoring
Technical assistance
Industry Training and Professional Development. Authorisation Fees
Joint Venture Referral Agreement Individual Authorisation: a monthly fee of $415
The following fees will be paid to your practice: (including GST)
Statement of Advice: 20% Please Note: All Authorised Accountants are
Client Review and Ongoing Management: 10% responsible for giving advice to their own clients.
Risk insurance: 20% No one Authorised Accountant within a practice
The referral fees will assist in the efficiency and will be able sign off on another Accountants advice.
profitability of the new addition to your services. For practices that require more than one
Authorisation, a group rate will apply.
Further Enquiries
For more information please contact
Guy Thompson on 08 8267 1414 or
email: guy@brougham.net.au
4. Who is Brougham & Vaux?
Brougham & Vaux Pty Ltd (B&V) is a financial
planning company with its own Australian
Financial Services License, Brougham & Vaux
(Aust.) Pty Ltd 394 795.
We have over 35 years of experience in
the industry and provide advice on SMSFs,
Superannuation pre and post retirement,
Investment Advice Strategic/Management,
Personal Risk Insurance and Estate Planning
advice.
We are completely independent.
We are not aligned in any way to Financial
Institutions, Banks, Fund Managers or Life
Companies and we are not product or commission
driven.
We are advice driven and fee driven and focused
on the best outcome for our clients.
Brougham & Vaux has built its entire client base
organically, on the growth of its Accounting
referral network.
We have worked closely with Accounting
professionals for a long time in order to help
their clients with financial planning strategies.
Our strategies represent a combination of the
Accountant’s knowledge of the client including
existing and potential tax strategies in conjunction
with our own technical industry knowledge and
investment management experience to tailor
accurate and appropriate advice.
Rise Standards evolved due to the close
relationships we have with our Accounting
referral network. Our continual strive to build
trust coupled with ongoing frequent support of
a general nature has provided us with feedback
over time and hence the need to try to help where
possible to manage the SMSF legislative changes.
In providing this support we are helping these
networks to grow the SMSF area of their practice
and mitigate the recently proposed changes in
legislation (due to commence on July 1st 2012)
to do with removal of exemption 7.1.29A of
the Corporations Regulations 2001 permitting
Accountants to provide advice to do with
establishment, membership and the acquisition
and disposal of assets.
Tel: 08 8267 1414
Fax: 08 8267 6322
Email: central@brougham.net.au
Adelaide:
Brougham Plaza, Level 1, Suite 20
8-20 O’Connell St, North Adelaide SA 5006
Perth:
Unit 8, 1st Floor
339 Cambridge St, Wembley WA 6014 www.brougham.net.au
