Class provides detailed analysis of newly established SMSFs – March 2019 SMSF Benchmark Report

6 May 2019 – Class has released its SMSF Benchmark Report for March 2019. This quarter’s special feature casts a spotlight on the characteristics and trends of newly established SMSFs, including the average number of members, establishment age, fund balances and asset allocations.

The analysis for the feature was based on a significant data set of 26,100 funds comprising 46,943 members, which were newly established on Class within a 5-year period from 2014 to 2018.

Some of the revealing insights include:

  • Over 72% of SMSFs are established as two-member funds from the outset, making it important to consider overall fund balance when determining the viability of setting up an SMSF
  • Males have a 42% higher average balance than females when funds are established, which compares with a significantly lower gap of 21% overall across all SMSFs
  • The average establishment age for newly established funds is 48.9, with a small difference occurring between gender.

Read full media release here.

Class

Class provides innovative wealth accounting software for accountants, advisers and administrators to manage their clients’ SMSF and non-SMSF investment portfolios.
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Class

Class provides innovative wealth accounting software for accountants, advisers and administrators to manage their clients’ SMSF and non-SMSF investment portfolios.