SMSF administrator SuperConcepts has acquired SMSF services provider More Super, which it says will increase the scale and capability of the business.
SuperConcepts chief executive Natasha Fenech said: “I’m looking forward to the opportunities that aligning our two businesses will bring and leveraging competencies to offer a truly unrivalled business value proposition to SMSF intermediaries and trustees.”
The SMSF services provider will continue to operate under its own brand name and with its existing team of employees with no disruption to clients.
More Super chief executive and founder Michael Pease will join the leadership team in the role of international operations general manager.
“I am excited that More Super will be joining a company that has the scale, access to capital and mandate required to drive the SMSF industry and create genuine, feasible solutions for the intermediated and direct-to-trustee market,” Pease said.
Fenech said Pease had experience in leveraging offshore capabilities to deliver cloud-based solutions for SMSF intermediaries.
More Super, which provides cloud-based SMSF administration solutions to SMSF intermediaries, has more than 100 staff spanning across several continents.