Research into the sector has shown accounting firms are falling well short of the number of SMSF clients they would ideally like to be servicing.

AFCA has been found to be operating effectively and meeting its statutory obligations after its first mandatory government review.

SMSFs are becoming increasingly attractive to younger Australians, who are also active traders, according to trading platform AUSIEX.

Accountants expect SMSF-related advice will create a sizeable boost to their practice revenue, with nearly half predicting a rise in the next three years.