Supporting Wealth Businesses

 There are many types of business that support clients on their wealth journey, including accountants, financial planners, fund managers, mortgage brokers and others. With decades of experience as a participant in the industry as well as being legal advisers, we have a deep understanding of the strategic and commercial issues these businesses face.

In practical terms, these include:

We provide a wide range of services to support the legal needs of your clients. While we have a professional responsibility to ensure they get the most appropriate legal support, we also recognise the importance of the relationships you have with your clients. A referral from you to us is something we are very respectful of and grateful for, so our intention is always to collaborate effectively with you for the client’s best interest.

There are many ways that we can assist you with your business’s needs, including:

We work closely with startup businesses to help set them up and get going. We support them by, for example, helping create appropriate structures, obtain licences as needed and establish standard contracts for clients, staff and suppliers. We understand the cost constraints on business founders and can work to help you grow your business.

Wealth businesses have specific licensing and ongoing compliance requirements. We have supported businesses with their Australian Financial Services Licence (AFSL), Australian Credit Licence (ACL), Authorised Representative (AR and CAR) arrangements and their Anti-Money Laundering (AML) applications and ongoing obligations, just to name a few.

Having assisted clients through a number of successful sale or acquisition processes, we can advise you on the required steps for your business and deal with all the documentation you require. Where there are specific issues for wealth businesses (eg key person requirements on an AFSL) we understand these issues and how best to deal with them.

Not only can we help your clietns with their business succession planning needs [link to BSP on Private Client page], we can also take you through the process for your own business. We understand the drivers that help maximise the value in a succession and will work with you to help realise that to its best potential.