Written on 22 June 2012.
How to unlock synergies between the accounting professions and independent financial advisors? The issues raised by this question, particularly in the light of the currently tormented financial environment, were the focus of the last EDHEC Expertises round table organised by the accountancy body, the Ordre des Experts Comptables, and EDHEC.
Pierre Beyrand, Chairman of the Ordre des Experts Comptables, gave a run-down of what accountants expect from the independent financial advisors with whom they work, namely a professional approach, high-quality advice and recommendations, sustained client follow-up. In response, Patrick Levard, independent financial advisor and Regional Chairman of the Chambre des Indépendants du Patrimoine, provided a detailed panorama of all the independent financial advisor’s activities, the client methodology employed and the protection offered by Europe’s MIF Directive. The debate was hosted by Daniel Haguet, Professor of Finance at EDHEC.
Serge Bocian, an independent financial advisor who operated within a large Nice-based accountancy firm for many years, related his practical experience. Participants were all agreed on the need to improve mutual understanding and of the importance of working together to combine each profession’s respective skills for the purposes of delivering solutions to specific issues (tax-efficient company transmission and remuneration, etc.). These issues are liable to give rise to other meetings in the future.