TaxAssist Accountants launches new financial services offering

TaxAssist Accountants launched a new financial services offering, TaxAssist Financial Services, with clients now able to access advice and support on mortgages, personal protection, relevant life cover and business protection.

It will be headed up by managing director, Matthew Tyerman, who also owns and operates a TaxAssist Accountants franchise in Hove. Tyerman has been running a successful pilot project in his own franchise territory, while gradually rolling out services and building a team of advisers at TaxAssist’s support centre, who can now deliver their service to all corners of the UK.

He said: “It is clear that accountancy practices can generate significant fees and commissions from financial services work and we expect this to become even more relevant as clients look for more rounded and joined up advice for their business and personal situation.

“TaxAssist Financial Services can now help clients to raise finance, protect their business and loved ones, maximise their return on pensions and investments and plan for the future, all in a tax efficient manner. From my own experience, the TaxAssist client base has been eager to explore the new range of services and I’ve been very impressed with the take up and the solutions already delivered.”

He added: “This represents a huge opportunity for franchisees, with an extended range of services, providing a competitive advantage over local firms. It will also generate a passive income stream for introducers, earning a generous 20% commission on everything ever earned.

“Remarkably, this includes ongoing advice fees on investment value together with trail commissions – an arrangement rarely offered by financial advisers. Furthermore, Franchisees will also earn commission on any new clients we acquire in their territory even if they are not a client of the franchisee. This opens the market up even further for the franchise network.”