@Jack1960 - that's my assumption here as well re these new accounts. As to the market opportunity - you are spot on as their ability to do consolidated reporting is very powerful and if Class can handle Trusts correctly then they truly have positioned themselves well to capture a lot of the family office and special purpose reporting entity space. There really isn't anything out there that deals with the asset side of things as well as being full member registry and accounting system all in one, everything else is very piece-meal and labour intensive.
Once ready - how quickly it gets traction is yet to be seen however the demand is definitely there and many people that have an SMSF often have a trust and/or other special reporting entities alongside with this market growing post the new balance limits being introduced on SMSF's.
CL1 Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
