Chan & Naylor gears up for growth

– Launch of national SMSF administration business unit
– New national mortgage broking service pending
– Business growth in Adelaide and Brisbane, focus on new partnerships
– Staff training to meet broader client financial needs

Chan & Naylor has today announced the launch of a new national Self-Managed Super Fund (SMSF) Administration business unit that will serve the needs of the growing number of current and prospective clients choosing to manage their super independently. The leading national accounting and wealth advisory group has also announced it is in the final preparatory stages of launching a national mortgage broking service as the company focuses on diversified business growth and new joint venture partnerships.

“Our appetite for growth continues as we respond to changing market conditions,” said Ken Raiss, Managing Director of Chan & Naylor. “Contributing factors include ongoing industry consolidation, an unstoppable growth in SMSF and Australian’s continued passion for property investment.”

With extensive experience in both areas, Chan & Naylor’s new centralised SMSF Administration business unit will provide clients with a one-stop-shop service that aims to grow their knowledge and understanding of their obligations as trustees. The new unit will work closely with Chan & Naylor’s Financial and Wealth Advisory business to provide clients with a more holistic approach to managing their finances. The new business unit will focus on compliance, education and strategy within the SMSF environment.

Having advised clients on their property investment strategies for many years, Chan & Naylor is now planning on extending its property offering through a national mortgage broking service. This will be driven from a current base within NSW and Victoria to a new expanded and wider spread business unit that will focus on strategic finance strategies as well as borrowing the requirements of our clients.

“Chan & Naylor’s clients already have high regard for our property investment expertise so it makes commercial sense to use this as a foundation for a mortgage broking service that is closely aligned with both our tax and wealth planning service,” said Mr. Raiss.

After considerable partnership growth over the last 24 months Chan & Naylor is also looking to grow its business through new Joint Venture Partnerships (JVPs) and ‘tuck-in’ opportunities whereby smaller independent firms are absorbed by established Chan & Naylor businesses around the country.

“The Group will now focus its executive efforts on consolidating the gains of recent growth through investing in the success of our existing joint venture partners whilst continuing to engage with appropriately qualified new firms who are interested in joining Chan & Naylor,” said Mr. Raiss.

“We have experienced recent growth through acquisition in both the Brisbane and Melbourne and are now actively talking to a number of independent accounting firms in all major capital cities that are interested either in amalgamation or partnership.”

To support this organic and inorganic growth Chan & Naylor is investing in upskilling the operational and consulting skills of its staff through the CN Academy, the company’s centralised training division.

“As we continue to grow our service portfolio, professionals with improved technical and practice management skills will be better equipped to understand and respond to the broader financial needs of our clients,” concluded Mr. Raiss.

Chan & Naylor’s partnership program offers multiple commercial benefits including: centralised marketing support; a proven operations system; outsourced IT; HR; regulatory support; access to CN Academy; expert financial planning; mortgage brokering capabilities; business advisory; and, a newly announced audit competency within the Group.

In addition to becoming part of a recognised national brand, growing their own company’s value and better enabling the firm’s Principals to evolve their succession planning strategy, partnering with Chan & Naylor provides independent accounting firms with a wide knowledge base, processes for improved practise management, access to new clients and marketing programs and exclusive access to unique products including Property Investor Trust® (PIT®), Business Enterprise Trust™ (BET™) and the Enduring Family Superannuation Fund™ (EFSF™).