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Plan2day has responded to the boom in SMSFs by adding a superannuation arm to its business.
Managing director Mamdouh Tawadros said he had just become accredited to provide SMSF advice and planned to add the service to his practice in early April.
Mr Tawadros told The Adviser he had diversified because of increasing demand from his clients and because SMSFs were forecast to continue growing strongly.
He said about a third of his clients already have SMSFs – and that the number was probably above 50 per cent when you also considered those who are thinking of doing the same.
“If you look at the increasing number of SMSFs in Australia, you’ll understand the need for it,” he said.
“Rather than providing finance and that’s it, we can become more valuable for the clients, even if they just end up borrowing money.”
Mr Tawadros said the three-person firm expected to add a fourth employee within six months.