Sydney, 28th April 2025 – Leading cloud-based accounting software provider Class has integrated with Automic, expanding its share registry feed connections to 97% of ASX-listed companies and providing ownership and holding balances for more than 2,280 unique ASX-listed companies.¹
The addition of Automic enables accountants to access market-leading share registry data directly through Class, and in conjunction with the existing integrations with BoardRoom, Computershare and MUFG Pension & Market Services (formerly Link Market Services), extends Class’s share registry connections to all the major share registries.
According to Class Benchmark data, 27.6% of Self-Managed Super Fund (SMSF) assets are invested in direct equities, the second most popular asset class after cash. Through automation, direct share registry connections eliminate the need for accountants and auditors to manually navigate registry websites, further increasing productivity and efficiency.
The connections also leverage holding information to provide accountants and auditors with monthly holding balances, facilitating year-end audits by providing accurate and timely ownership verification information.
Class CEO Tim Steele commented: “Class is committed to delivering enhancements to our solutions to enable our clients to deliver their reporting and administration services more accurately and efficiently. With direct connections to all major share registries, accountants and auditors can streamline collaboration, leveraging Class’s advanced automation capabilities to provide accurate, real-time compliance.”
Class client Super Know How Director Joe Buttigieg commented: “The share registry connections that Class has implemented are going to save us a lot of time and improve the overall accuracy of managing ASX shares. The set up is easy, as it does not require us to wait for the client to sign an additional form or enable it via a login.”
Buttigieg said the time savings, accuracy and audit efficiency gains are a significant benefit of the direct registry connections.
“The registry connection will mean no more manual checks, saving us about five to twenty minutes per SMSF, and improving the overall accuracy of managing ASX shares.”
The addition follows the recent release of property feed enhancements which included integration with InfoTrack to enable nationwide property title searches and certificates and expanded valuation capabilities to integrate with PropTrack as well as CoreLogic, to offer residential property valuations.
¹ Data source: Morningstar ASX Share Registry Report as at 7 March 2025
For media enquiries contact:
Natalie Pennisi
npennisi@hub24.com.au
P: 03 9275 7835
About Class
Class is a pioneer in cloud-based wealth accounting and is recognised as one of Australia’s most innovative technology companies, delivering trust accounting, portfolio management, legal documentation and corporate compliance solutions to financial professionals across Australia. For further information, please visit https://www.class.com.au
About HUB24
HUB24 Limited is listed on the Australian Securities Exchange, and consists of the award-winning HUB24 platform, HUBconnect, Class and myprosperity.
The HUB24 platform offers advisers and their clients a comprehensive range of investment options, including market-leading managed portfolio solutions, and enhanced transaction and reporting functionality. As one of the fastest growing platforms in the market, the platform is recognised for providing choice and innovative product solutions that create value for advisers and their clients. HUBconnect focuses on leveraging data and technology to provide solutions to common challenges for stockbrokers, licensees and advisers and enable the delivery of professional advice to more Australians.
For further information, please visit www.HUB24.com.au
Disclaimer
The information contained in this document is provided by Class Pty Limited (ABN 70 116 802 058) and its subsidiaries (collectively, Class) and is current as at 28 April 2025. It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. This information is general in nature and may omit detail that could be significant to your particular circumstances. This information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. The information given in this document is in summary form and does not purport to be complete. While reasonable care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation and circumstances can change from time to time. Accordingly, neither Class nor any of its related bodies corporate make any representations or warranties as to the completeness or accuracy of the information in this document and none of these entities is liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions. Links to third-party websites are inserted for your convenience, but do not constitute endorsement of material on those sites or the relevant providers.
