During the 2022 HUB24 Investor Day, a new strategy was announced to help grow the SMSF market.
Specifically, HUB24 is looking to grow the SMSF market by making SMSFs accessible to lower balance members that want control, flexibility, and portability but do not yet have the super balance to warrant the cost of an SMSF nor the need for a full SMSF administration service.
The HUB24 SMSF service is designed to provide an incubation service. When the balance grows and the trustee desires more sophisticated assets, HUB24 will facilitate the transition of the fund to a full service SMSF administrator of their choice.
This is great news for Class customers, as not only does it support the industry to grow but it will drive investment in the Class platform over the next 12 months. Importantly it creates a gateway to full-service SMSF solutions as needs change. To find out more visit the Hub24 Shareholder centre here.