Accountants expect to increasingly work in partnership with financial advisers as demand for personal finance advice increases, research from Bower Private Clients shows.
Accountants expect to increasingly work in partnership with financial advisers as demand for personal finance advice increases, research from Bower Private Clients shows.
Nearly two in five (36%) accountants have seen demand for personal finance advice increase over the past 12 months, with clients commonly asking about inheritance planning.
Around a third (31%) were worried they were giving advice beyond their core expertise and as a result nearly half (45%) expected to do more work with advisers over the next two years.
Andrea Rozario, chief corporate officer at Bower Private Clients, said: “It’s no wonder that accountants are seeing clients increasingly enquiring about financial planning given the recent changes in pensions, high property prices and the complex nature of estate planning. The wealth tied up in homes is a potential source of retirement funding but people need to be properly advised.
“Given more demand for advice in what is an increasingly complex market, it is very important for accountants to have access to trusted partners. Advisers recognise that property wealth can offer a variety of solutions for their clients.”
