Class Super has reached 27% SMSF market share, according to the annual results for Class Ltd.
The company announced that SMSF market share was up 3% for the year, to approximately 27%, based on there being 600,000 SMSFs.
The Class announcement said the company had seen “strong growth and continued momentum in revenue and earnings,” for 2017/18.
Total revenue was up 18% for the year. Net profit after tax was up 9%, and there was a 14% increase in EBITDA.
“Revenue was primarily driven by growth in billable accounts which increased by 25,469 in the last twelve months,” said Class, across both Class Super and Class Portfolio. At 30 June 2018 there were 163,464 billable SMSFs using Class Super.