How does financial planning for accountants' clients work?
Accountants often see clients whose questions about super, insurance or retirement need personal financial advice, which requires an Australian financial services licence. Vermilion arranges an introduction to MGB Financial Services Pty Ltd, Authorised Representative 428617 of Charter Financial Planning Limited, AFSL 234665. The accountant keeps the tax relationship, and information is shared only with consent.
This page is for accountants and professional partners. It describes how a client can be introduced for financial planning and what the accountant can check. For a fuller checklist, see the article on referring clients for financial advice.
General information. Reviewed 16 October 2026. Rules, caps and benefit tests change. Current figures are published by the Australian Taxation Office, Moneysmart and Services Australia.
Who is financial planning for accountants' clients for?
Public practice accountants, tax agents and bookkeepers in Sydney and Parramatta whose clients include business owners, medical professionals, retirees and families. Clients commonly referred include business owners, people nearing retirement and doctors.
It is general information for professionals. It does not describe any referral fee and is not an offer to any client.
What does the advice cover?
What accountants commonly check
Accountants commonly confirm who holds the licence and whether the adviser and practice appear on ASIC's Financial Advisers Register. The Financial Services Guide sets out the services, how fees are charged and how complaints are handled, including access to the Australian Financial Complaints Authority.
The division of work matters. The accountant remains responsible for tax returns, structures and business advice. Financial advice provided by MGB Financial Services covers personal matters within its Financial Services Guide, such as superannuation, retirement planning, personal insurance and wealth accumulation. Information passes between the two only with the client's consent.
- Licence and authorised representative details on ASIC's register.
- The Financial Services Guide: services, fees and complaints.
- Client consent before any information is shared.
- A clear line between tax work and financial advice.
How Vermilion can assist
The client books a free initial 15-minute chat
The client, or the accountant with the client's consent, makes contact. The chat is about the question, not a recommendation.
Introduction to MGB Financial Services
If the client wants advice, MGB Financial Services explains scope and fees in writing before any advice is prepared.
Working alongside the accountant
With consent, the adviser and the accountant can share the information each needs, so the tax and financial work line up.
Limits
- An introduction is not an endorsement of any outcome, and the client decides whether to proceed.
- Any referral arrangement between professionals must be disclosed as the law requires.
- Tax and super rules change. The figures on related pages are from the ATO and are dated.
Questions
FAQs
Can an accountant give financial advice about super?
Accountants can give tax advice and some general information. Personal advice about a super product or strategy generally requires an Australian financial services licence or authorisation. ASIC publishes guidance on the limits for accountants.
How can an accountant confirm an adviser's authorisation?
ASIC's Financial Advisers Register lists registered advisers and the licensee they act for. MGB Financial Services is Authorised Representative 428617 of Charter Financial Planning Limited, AFSL 234665.
Does the accountant stay involved?
Yes, if the client wants that. The accountant keeps the tax relationship. With consent, MGB Financial Services can share information with the accountant so the financial advice and tax work are consistent.
What does the client pay?
The free initial 15-minute chat has no charge. Fees for personal advice are set out by MGB Financial Services in writing before any advice proceeds. This page does not quote a fee.
The advice provider
Credentials of the practice
Financial advice is provided by MGB Financial Services Pty Ltd, Authorised Representative No. 428617 of Charter Financial Planning Limited. The practice gives personal advice only through people who are registered to do so. This website does not name an individual adviser.
You can search the ASIC Financial Advisers Register for the practice and for the people authorised to give personal advice. The Financial Services Guide sets out the services, how the practice is paid, and how to complain.
Complaints can be raised with MGB Financial Services, then with Charter Financial Planning using the details in the Financial Services Guide, and then with the Australian Financial Complaints Authority ( afca.org.au, 1800 931 678).
General advice warning
This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
