Any accountant or financial adviser, particularly those working in the SMSF space would have experienced downward pressure on profits over the last 5 years.
Increased complexity and compliance requirements have led to a blow out of SMSF administration time, and it can be difficult to explain to a client that a fee increase is needed to cover the extra admin hours required.
Now, the latest research from Investment Trends reports that 47% of accountants expect to see an increase in SMSF revenue in the next 3 years and equate to 33% of their total
practice revenue.
Increased revenue is welcome news for most, but it also raises questions for time poor accountants of how they’ll achieve SMSF profitability AND high levels of client satisfaction.
While the challenges cited by accountants for servicing SMSFs hasn’t changed much over the years, the strategies to overcome them have.
In this ebook, we share strategies you can adopt in your firm now to turn the opportunity of increased SMSF revenue into increased profitability for your practice.
Bronwyn Smith | SuperRecords
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