The SMSF Professionals’ Association of Australia (SPAA) has teamed up with Macquarie to undertake a research project on the business structures of a variety of SMSF practitioners.
Specifically the survey will be targeting financial advisers, administrators, stockbrokers and accountants to identify how many different types of business models operate within the largest sector of the Australian superannuation industry.
The survey will be conducted online with all business information to be kept in the strictest confidence.
The information gleaned from the study will be compiled in a report that will be presented at the SPAA state technical conferences in July.
“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,” SPAA chief executive Andrea Slattery said.
Macquarie banking and financial services group division director Sarah Penn said the exercise was aimed at getting a better understanding of how SMSF businesses operated as the sector’s growth rate continued to build.
“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,” 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.”
