The SMSF sector has become over regulated. Legislative changes including reductions in contribution limits and member balance caps has stall growth.
The total market size is about 600k funds. The 3 largest specialist SMSF software platforms BGL (200k+) ClassSuper (160k+) SuperMate (40k+) service about two thirds of market.
Growth going forward is going to be hard. Class could consider acquiring the SuperMate book from AMPs struggling administration business SuperConcepts
CL1 Price at posting:
$1.38 Sentiment: None Disclosure: Not Held