Self managed super funds are a huge part of a financial planners business, which require annual accounting and tax returns to be filed, so it is no surprise to me that IAM are now providing this service. I expect that Sentry asked for this service to complement the production of SOA's so as to offer a complete one stop shop service to clients. Most accounting firms charge an average of $3k for annual accounting and tax returns for SMSF's. Clients will love any financial advisor who can provide this service at offshore prices. IAM are disrupting financial services in this space - the portal will reallocate work from paraplanners and accountants, just like uber reallocated work from taxi drivers.
Self managed super funds are a huge part of a financial planners...
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