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.