Class is pleased to announce that the company has reached a significant business milestone, with over 100,000 billable portfolios now on Class.
As at 29 February 2016, there was a total of 100,025 billable portfolios on the Class system, an increase of 3,388 portfolios since 31 December 2015.
Of the 100,025 billable portfolios now on Class, 98,515 are Self Managed Super Funds (SMSFs), with the remaining 1,510 being other, non-SMSF investments administered on the new Class Portfolio product. This brings Class’ share of the overall SMSF market to over 17% and the total number of customers to 865.
Kevin Bungard, CEO of Class said “Reaching 100,000 billable portfolios on Class is a significant accomplishment for the Company. We’re happy with the momentum of the business – the addition of 3,388 portfolios since 31 December 2015 has been achieved in what has traditionally been our slowest period of the year.”
