Class Ltd sees record account growth for a December quarter

Class Ltd has seen record growth in accounts for a December quarter, the company announced.

Total accounts – including Class Super and Class Portfolio – increased by 7,600 in the December 2017 quarter, to 158,153. Class Super accounts represented 7,131 of this increase, taking its total accounts to 154,053.

“This is a very strong result given the time of the year and was achieved with the help of an extremely effective sales and marketing effort,” said the statement by Class.

This may have been driven, in part, by the superannuation reforms which took effect in 2017.

“Our ‘Better Move’ campaign successfully incentivised firms, who were deferring migration due to Super Reforms workloads earlier in the year, to move this quarter.”

Class also saw a record quarterly increase in customers, adding 87 taking the total to 1,291.

Class has 1,287 Class Super subscriber practices, with an average of 120 SMSFs per practice.

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