Accountant Resources

Financial Planning Resources for Accountants

Bailey Capital Management provides a limited number of accounting practices with the expertise of a professional boutique financial planning service.

We recognise the importance of keeping our accountant partners ‘in-the-loop’ with all financial planning advice to their clients and tailor our reporting to meeting the needs of both clients and their accountants.

We seek to complement the services of our accountant partners to ensure their clients have access to the best possible fee-for-advice based financial planning service. 

This includes specialist advice such as illustratef in our article "The Lesser Known Tax Advantages of Exceeding the Concessional Contribution Limits in Self Managed Super." Click here for a 2 page PDF download of this article. 

Our services for accountants fall into five categories:

1. Boutique financial planning advice and services
2. Individual client consulting
3. Self Managed Superannuation Funds and administration
4. Accounting practice consultation
5. Education

1.          Boutique Financial Planning Advice and Services

This is an advice based service specialising in:

• Tailored financial planning strategies - for high net worth individuals and high income earners including business owners, executives and professionals.
• Comprehensive review process – we have a scalable advice model to ensure clients receive regular communication on progress to achieving their goals.
• Private Investment Management Service (PIMS) – this is our exclusive active portfolio management service focused on protecting capital whilst generating realistic returns relative to our client’s wider financial needs.
• Transparent fee-for-service – we are an advice based practice that is remunerated based on our advice not traditional commissions.

2.          Individual Client Consulting

Bailey Capital Management works with accountants to ensure their clients have the most appropriate financial planning strategies. This service extends to working with accountants to ensure individual clients with complicated financial arrangements or the need for “one-off” advice are able to access our expertise through their accountant.

3.          Self Managed Superannuation Funds and Administration

Bailey Capital Management is a SMSF specialist with a dedicated in-house SMSF administration service designed to work with the Client’s accountants. This reduces the burdens on Trustees and provides them with confidence while also bringing efficiencies and new opportunities to their Accountant. This service is explained in detail at our website www.superpathway.com.au

4.          Accounting Practice Consultation

We have the expertise to work with accountants to review their current approach to providing financial planning related advice to clients. This is particularly so with Self Managed Superannuation Funds administration and strategies.

5.          Education

We work with our accountants to assist them in educating their clients and their staff on key financial planning topics. This can take the form of:

• Seminars on specialist topics
• Boardroom presentations to key clients
• Superannuation trustee training
• Providing articles and content for newsletters

We have a detailed process for ensuring accountants remain fully informed of the advice and services being provided to clients. We believe in a partnership approach that leverages the expertise of both parties for the benefit of the client. 

Our Values and Core Beliefs

We believe the following elements are essential to providing trusted, high value financial services to our clients and their families:

• Objectivity – as a fee-for-service practice we are remunerated directly by our clients. We seek to minimise the receipt of payments from third parties and rebate any commissions where possible. We do not provide remuneration to third parties who refer clients.
• Integrity – we are authorised representatives of an independently owned financial planning group – AFS. We are members of the FPA and adhere to their code of conduct.
• Professionalism – we believe financial planning is a profession and ensure all of our advisers are fully trained and competent in their fields of expertise.
• Confidentiality – our relationships with our clients is built on trust. Bailey Capital Management treats all client referrals and interaction in the strictest confidence.
• Education – we believe in adding value to our clients and strategic partners by providing training and education to assist them to understand the solutions we provide and to improve their financial knowledge. An example is the seminars we provide for superannuation trustees and the clients of accountants.
• Communication – our advice model is based on regular communication with clients based on a regular and structured review process. We are always available for our clients.
• Understanding – we focus on establishing long-term relationships with our clients that are based on understanding their financial goals and personal motivations.

Fees for Service Philosophy

We believe the long term success of an advice based relationship is dependant on a flat dollar fee for service approach to advice and ongoing financial services. This means the fees our clients pay are based on the work we do for them, not the size of their bank or account balance.

Bailey Capital Management is committed to transparent relationships with clients. We do not provide any remuneration for referrals. We seek to provide advice that is independent of any potential conflicts. Our focus is providing a high quality service to the clients of our accounting partners.

To find out more on how our services can support your practice please contact Evan Bailey on 08 8212 5550 or evan@baileycm.com.au.