InterPrac selects Multiport for SMSF admin

Self-managed superannuation fund (SMSF) specialist Multiport has partnered with dealer group InterPrac to provide daily administration, compliance and reporting services to InterPrac's financial advisers and associated accountancy practice clients.

InterPrac provides financial services to members of the National Tax Agents Association (NTAA), including an Australian Financial Services Licence for 80 financial advisers, a credit licence, and a vehicle and equipment finance broking solution.

Multiport chief executive John McIlroy said his company would work to tailor a service to suit the needs of InterPrac's financial advisers and NTAA members.

"The SMSF world is becoming increasingly compliance-focused and our 24/7 compliance allows financial advisers and accountants to focus on the provision of investment services, knowing that the compliance heavy lifting is being done by Multiport," McIlroy said.

InterPrac chairman Roger Cotton said the decision to select Multiport for SMSF compliance came after a lengthy due diligence process, and would enable InterPrac to deliver its SMSF service to its network at a competitive price.

"The InterPrac SMSF Administration Solution will allow accountants and financial planners to decide on what in-house and what outsourced provider works best for each practice," Cotton said.

InterPrac also operates a corporate services business that allows accountants to set up a new client's company, trust or SMSF online.