Class partners with A.S.A.P Advice
Class is partnering with specialist accountants’ scaled advice platform, A.S.A.P Advice to reduce the costs associated with complying with financial licensing laws following the repeal of the accountants’ exemption to advise on self-managed superannuation funds (SMSFs) without a licence.
A.S.A.P chief executive Jim Hennington said up to a quarter of SMSFs needed product advice and support each year.
“The integration with Class makes it simpler for accountants to adhere to their increased licensing rules, using technology to drive down the cost and maximise ease of use,” he said.
“The advice scoping tool built within A.S.A.P. has been vetted…so that accountants can be confident.”
Integration of Class and A.S.A.P technology would also see unlicensed accountants continue to provide all-round advice, with the exception of taxation.
Recommended for you
A Victorian accounting firm – in which Count holds a 40 per cent equity stake – has announced the acquisition of an accounting client book through a $1.4 million transaction.
Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined 7% compared with the year prior, to $10.3 million.
Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22.
Having completed their educational qualifications, those advisers who remain in the industry are reporting being “run off their feet” with new clients.