Any accountants out there use Class Super? Opinion?, page-10

@domen1993 - you should check out www.supercentric.com.au

They will administer your funds including audit if needed for pricing similar to what you have quoted here and what’s even better is it’s on Class.

The thing you need to remember is SMSF owners want visibility of their funds assets and tracking against the legislative limits. They have gone into an smsf for control and choice and the only way you can achieve this is by having all the info at your disposal when and where you need it. Once a year providers under the new legislation are IMO redundant and trustees relying on these will be at serious risk of non-compliance and potential penalties.

I agree smaller firms that are unable to get scale should definitely look at providers like the one quoted above. They use best in market solutions to deliver their services and offer daily reporting at very competitive rates that you can only deliver through economies of scale and great people, systems and processes.

I don’t agree that building SMSF software is simple and easy to replicate - these are one of the most complex entity types in the western world and layered with grandfathered legislation and investment and tax complexity. I encourage you to try or maybe ask why all of the other big accounting software companies - MYOB, Intuit, Xero with their enormous balance sheets avoid this area like the plague. This is a highly complex and specilaised area.

As to overseas opportunity for Class Portfolio - yes this is highly possible IMO if Class chooses to go there.