Five Do’s and Don’ts When Selling Your Practice

By Rob Knights and Co | March 30, 2022

Selling your professional practice comes with numerous challenges that should never be underestimated. Achieving a successful outcome, or otherwise, will often be driven by how familiar both parties are with the process, their knowledge of current market conditions, their willingness to be reasonable within their expectations, and their availability of time to work through the…

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Are Salary Reviews About to Supercharge?

By Rob Knights and Co | March 30, 2022

We have been hearing from firms since the last quarter of 2021 of the difficulties they are experiencing in attracting and retaining personnel, as well as the expectation of staff for more significant salary reviews, particularly amongst the Eastern States. This seems to be on everyone’s lips based on the number of questions we are…

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Are You and Your Team Back Rejuvenated for the Year Ahead?

By Michelle Knights | January 31, 2022

Happy New Year. We hope all of our clients and colleagues, their families, staff and firms had a great break over the Festive Season and have returned to offices ready to go for the year ahead. The past couple of years have probably been some of the most challenging in memory for our various generations.…

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Has the Change in Training Requirements for FP Advisers Prematurely Led to Industry Departures?

By Michelle Knights | January 31, 2022

I have been reading with interest the varying commentary around the declining number of licensed financial advisers within Australia with a more recent piece reporting a decline in calendar year 2021 alone from around 21,000 to almost 18,000 advisers by year’s end. Reportedly, many of those retiring and leaving the professional have done so based…

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Summation of Our Latest Benchmarking Results

By Rob Knights and Co | January 31, 2022

With the initial results of our December 2021 Charge Rates & Salaries Benchmarking report released prior to Christmas, we have been able to update both participating and non-participating firms with the very latest key performance indictors within Australia’s public accounting firms. This report is suitable for sole practitioners all the way through to second tier…

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Tips & Traps When Changing Financial Planning Licensees

By Rob Knights and Co | November 29, 2021

Through our practice broking and valuation services, we have for many years now observed the interactions between Dealer Groups/Licensees and their representatives within multidisciplinary and standalone financial planning firms. Prior to many of the more recent industry changes, there was this underlying view by the licensees that they owned the clients serviced by the planners,…

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Have We as a Profession, at Least in Part, Contributed to our Current Staffing Issues?

By Rob Knights and Co | November 29, 2021

Let’s face it, staffing has typically been a world of pain for the accounting profession for many many years now, with perhaps the exception of the last GFC, as well as may be during the early onset of this pandemic when so much was unknown. However, as NSW and VIC began coming out of lockdown…

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Am I Old Fashioned or Do I Just Not Understand the Younger Generations’ Need to Chop & Change Jobs?

By Michelle Knights | October 25, 2021

Call me old fashioned or out of date, however how do employers feel about employing staff who seem to chop and change jobs every couple of years? This was a question I found myself posing during an assignment we were engaged to perform for one of our clients. The task was to find a senior…

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Are Advisers’ Services at Risk from Banks & Super Funds?

By Michelle Knights | October 25, 2021

Watch out advisers, the relationship you have with your clients is at risk! Well maybe, maybe not. However, recent times and the immediate future does pose some intriguing considerations and potential trends, perhaps more influential in specific locations and professions. During the past 18 months or so, many advisers across the professions based in NSW…

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