Accountants can accelerate the process of locking in a licensing solution and begin to offer financial advice in just three months and be profitable from day one, according to an industry executive. GPS Wealth co-founder and certified practising accountant Greg Holman said accountants could achieve that by partnering with a well-resourced and experienced licensee.

Markets are influenced by many factors in the short term and it is extremely difficult to forecast them with precision. Panicked selling by others often creates opportunities and we may be getting to one of those points at present. The important point is to maintain a longer term focus.