The SMSF Professionals’ Association of Australia (SPAA) and Macquarie have launched a new in-depth survey to understand how financial advisers, accountants, administrators and stockbrokers structure their SMSF businesses.
The survey aims to provide a current picture of the industry to identify the diverse range of business models in the sector. The initiative is intended to contribute to the ongoing development of the SMSF sector that manages about one third of all superannuation assets.
SPAA CEO Andrea Slattery said: “The survey is an exciting project and an excellent opportunity for SMSF professional members of SPAA to be involved in a leading survey on ways to improve efficiencies and drive growth. I strongly encourage SPAA members to participate.
The findings of the survey will be shared through a comprehensive report to be launched at the SPAA State Technical Conferences in July.
Macquarie Banking and Financial Services Group Division Director, Sarah Penn, said that as the popularity of SMSFs continues to grow, understanding business models becomes a very important part of the landscape.
“SMSFs are becoming an increasingly large part of many financial advice businesses and we know from our work in the industry that firms are approaching this in quite different ways,” Ms Penn said.
“Some businesses are developing hybrid models, while others are taking a more organic approach. Whatever path they choose, this survey aims to provide practical insights for the sector.”
The survey takes approximately 15 minutes to complete, and individual insights and business information will be kept strictly anonymous and confidential. Industry participants can access the survey and can request to receive a copy of the report at the completion of the survey.
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