Do you provide retirement advice to your clients?

You probably suggest they commence planning for their future before they reach their preferred retirement age? You would run through a whole range of important issues when discussing their retirement plan. Minimising potential risks to achieving their goals would be a regular discussion point.

Attention AFSL holders! Do you have a retirement plan for your AFSL?

You are a financial planner with your own AFSL. Have you thought about the future when you may wish to retire? At Insight Investment Services we have been assisting Principal’s exit their AFSL business for some years.
I would like to share some key facts:

Key facts

  • The value of your business to a purchaser will be largely based on the revenue in your advice business.
  • It is highly unlikely that your AFSL is worth any monetary consideration to a potential buyer.
  • In fact your AFSL holds the liability for advice given by anyone licensed under the business for up to seven years (or longer in some cases) from the date of advice. Therefore, not everything is retired when you exit your AFSL as the liability remains for a period of time.
  • Professional Indemnity cover should be maintained via run off cover – if you can get it, the underwriting market is contracting, and premiums increasing.

Do you want to be worrying about ongoing liability when you retire, or booking your next cruise in the Mediterranean? Why not consider planning ahead with at least a 7 year time frame in mind.

Insight Investment Services has a track record assisting AFSL holders to plan for their retirement. We can offer you support to continuing to operate your business as a boutique practice, under our AFSL, without the liability.

Why not consider the benefits and lack of stress by not having AFSL liability as part of your retirement plan.

For a confidential chat about how to plan a stress-free retirement call Paul Kelly, Managing Director Insight Investment Services. By the way I know a good travel agent also! Insight Investment Services is a boutique licensee that has been in operation for over a decade, with an untarnished reputation.

Telephone Paul Kelly on 07 3018 0400 or Email