SMSF accountants looking to mFund
A growing number of SMSF accountants have turned their attention to managed funds via the Australian Securities Exchange's (ASX's) mFund offering.
According to a OneVue and Investment Trends survey of more than 1200 accountants, 13 per cent plan to start using mFund for clients' funds.
"The findings are significant because mFund only recently commenced operation, and already 13 per cent
of SMSF accountants say they're likely to use it. We expect this trend will continue as more accountants
become familiar with the service," OneVue Head of Client and Product Strategies Alex Wise said.
From the surveyed cohort, more than half of those who currently use mFund said they intended to increase their usage, the report showed.
mFund was launched in May 2014. OneVue was a founding member.
AUTHOR
Staff Writer
Recommended for you
A Victorian accounting firm – in which Count holds a 40 per cent equity stake – has announced the acquisition of an accounting client book through a $1.4 million transaction.
Australian Ethical has reported its net profit after tax (NPAT) fell 15% to $9.6 million for the year ended 30 June, while its underlying profit after tax (UPAT) declined 7% compared with the year prior, to $10.3 million.
Insignia Financial has announced a 59% increase in its underlying net profit after tax (UNPAT) to $234.5 million in FY22.
Having completed their educational qualifications, those advisers who remain in the industry are reporting being “run off their feet” with new clients.
