Leading SMSF Administration Business, $2+ million income (ID#300)

This is a rare opportunity to merge with a leading player in the fragmented Self-Managed Super Fund (SMSF) Administration market. This business delivers cost effective and high-quality administration services underpinned with market-leading technology and a first-class client experience. The business sits on multiple Approved Provider Lists (APLs) and services 134 clients nationally, predominantly financial planners, with an average income of c.$13,500 per client, encompassing 770 funds with an average income of c.$2,350 per fund. Ninety per cent of income is recurring via monthly direct debit. The leadership team are committed to a smooth transition and are supported by a capable and experienced team of Fund Accountants. Advanced discussions are in train on a number of key strategic initiatives with major institutions with the potential for an additional 1,750 additional funds. There is also opportunity for further growth through the current client base and existing institution and dealer group APLs, as well as gaining scale and technology efficiencies. This opportunity would ideally suit a reputable financial services firm with national presence and an existing SMSF Administration business or who is looking to enter this market. 

Reason for Merger: The owners are looking for a firm with the scale and resources to realise the full potential of the business. This will, in turn, enable the owners, who are currently active in the business, to reduce their workload as part of their transition to retirement.