Class has partnered with financial advice specialist Plenty Plus to enable accountants to offer financial advice services to their SMSF clients without the need for an Australian financial services licence.
Plenty Plus has been integrated with Class’s software to allow accountants to identify which of their SMSF clients may need advice and provides a way to quickly obtain that advice.
Class chief executive Kevin Bungard said the importance of financial advice for SMSFs had been made evident by the introduction of the recent superannuation changes.
“The impact of the super reforms on SMSF members and other investors frequently sees them needing advice beyond tax and compliance issues,” Bungard noted.
Plenty Plus co-founder and general manager Josh Golombick said the company was excited to be integrating with Australia’s leading cloud SMSF software provider.
“We look forward to offering Class SMSF members the advice and financial planning services that will help them meet their retirement and broader financial goals,” Golombick said.
Plenty Plus charges $99 for each piece of advice generated and does not have sign-up or ongoing fees.
Accountants can also invite their SMSF clients to use Plenty Plus directly.
