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Accountants cautious to enter advice space

Accountants are entering the advice space in very limited numbers and almost six months after the accountant exemption ended, only 31 have applied for a limited Australian financial services licence (AFSL).

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Read more: Financial Planning Hugh ElvyFinancial PlanningHugh ElvyASICAustralian SecuritiesChartered Accountants AustraliaFinancial StandardICAAInstituteInvestments CommissionJuly 1