Litigation risk – Intent to influence

  • Presentations, Technical Resource
  • Regulators

National Conference 2023

In today’s plaintiff law firm environment the risk of litigation is writ large (please forgive the pun). Litigation risk management is an important part of the design for how you deliver your client advice and how you design your client services business.
 
We will guide you on what the future litigation proofed professional services business looks like and what you need to do in your business to safeguard yourself against legal action. When done correctly this can enhance the client relationship and actually increase revenues.
 
In this session you will learn:
 
  • What is the line for advice versus Finfluencer and how do you respond to this?
  • Where do you cross the line: statements intended to influence versus advice
  • The lines between super admin work versus personal financial advice or general financial advice that requires an AFSL versus legal work
  • Digital advice and digital assets, 2020’s and beyond
  • The multi advice in super; compliance, tax, investments and insurance
  • The PI Insurers perspective – war stories from the field
  • The top risk factors for all professional businesses.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association