Fiducian expands SMSF admin space
Fiducian has announced it is looking to push further into the self-managed superannuation fund (SMSF) administration space as it expands its subsidiary, Fiducian Business Services (FBS).
FBS provides accounting and accountancy resourcing services to clients in Australia and SMSF administration.
Fiducian said to ensure a larger administration support team was available and managed daily, normal back office and administrative processing of SMSF transactions would be managed by Fiducian Services.
FBS business development and distribution manager, Jai Singh, said FBS manager, Sujatha Sathyanarayanan, would be responsible for tax and accounting queries and would generally manage the final output and tax returns for SMSF business.
"This structure should allow us to expand SMSF administration and give confidence to financial planners that the full power of the Fiducian administration team is backing the SMSF business," Singh said.
Fiducian said FBS's focus for 2016 to 2017 would be to improve profitability, lift the number of SMSFs administered, and increase referrals for financial planning.
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