Business News

Accounting firm broadens service offering

Accounting firm Chan & Naylor has extended its service offering to include an SMSF administration facility and a national mortgage broking service.

“Our appetite for growth continues as we respond to changing market conditions,” Chan & Naylor managing director Ken Raiss said.

“Contributing factors include ongoing industry consolidation, an unstoppable growth in SMSFs and Australians’ continued passion for property investment.”

The new SMSF administration business will be working closely with the accounting firm’s wealth advisory business and has been launched to provide a more rounded service for its SMSF clients to effectively provide one port of call for all of their needs.

In addition, the administration facility will aim to improve SMSF trustees’ knowledge levels as it will have a heavy focus on compliance, education and strategy.

The national broking service has been introduced to allow Chan & Naylor to begin providing strategic finance strategies and borrowing advice for its 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,” Raiss said.

The accounting firm has also declared its growth intentions through the acquisition of smaller practices and the establishment of joint venture partnerships.

“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,” Raiss said.

“We have experienced recent growth through acquisition in both 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.”

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