With less than one-third of Australian business owners seeing an adviser, Business Health has detailed how advice practices can target this underserved client segment.

Recent findings from NAB Private Wealth, conducted by CoreData, discovered just 30 per cent of business owners surveyed said they have an ongoing adviser relationship. Some 25 per cent said they use one, but only when required.

Another 7 per cent said they have seen an adviser in the past but no longer do so, 20 per cent have never used an adviser but may do so in the future, and 18 per cent never had an advice relationship and don’t intend to.