According to a statement from Chan & Naylor, the new SMSF admin business unit will provide clients with a “one-stop-shop service” that aims to grow their knowledge and understanding of their obligations as trustees.
The new business unit will focus on compliance, education and strategy within the SMSF environment, according to the statement.
Chan & Naylor managing director Ken Raiss said the firm’s desire for growth continues as they respond to changing market conditions.
“Contributing factors include ongoing industry consolidation, an unstoppable growth in SMSF and Australian’s continued passion for property investment,” he said.
Chan & Naylor also announced it is in the final preparatory stages of launching a national mortgage broking service, which will extend its property offering.
“This will be driven from a current base within NSW and Victoria to a new expanded and wider spread business unit that will focus on strategic finance strategies as well as borrowing requirements of our clients,” Chan & Naylor said in a statement.
After partnership growth over the last 24 months, Chan & Naylor is also looking to grow its business through new joint venture partnerships (JVPs) and ‘tuck-in’ opportunities.
“The group will now focus its executive efforts on consolidating the gains of recent growth through investing in the success of our existing joint venture partners whilst continuing to engage with appropriately qualified new firms who are interested in joining Chan & Naylor,” said Mr. Raiss.