Powered by MOMENTUM MEDIA
subscribe to our newsletter

AMP SMSF outlines future growth plans

Katarina Taurian
17 July 2015 — 1 minute read

AMP SMSF’s managing director has discussed her plans for the business in the next 12 months, following yesterday’s acquisition of SMSF administration firm Justsuper.

Yesterday, AMP SMSF announced the acquisition of Justsuper, an SMSF administration business which has approximately 1,000 funds under administration.

Speaking to SMSF Adviser, AMP SMSF managing director Natasha Fenech said the acquisition, which is now wholly completed, contributes to AMP SMSF’s ongoing growth strategy.

Advertisement
Advertisement

“We’ve always stated that one of the core objectives of our business is to grow both organically and through acquisition. We’re looking to drive that customer experience and leverage scale and efficiencies to enable that to happen,” Ms Fenech said.

“We wanted to focus our attention on organic [growth] because we had made quite a few acquisitions up to that point and we needed to integrate them into our business.

“Our strategy hasn’t changed – we are absolutely focused on growing organically, but we also need to supplement that growth with [acquisitions] to reach the market share that we’re aspiring to move to.

“We’re constantly looking to acquire businesses that align to the direction that we’re going [in]. There has to be a natural synergy in the business [with that direction]," she said.

“My vision is that we continue down this journey around growth – that’s a really big focus for us. The growth enables us to get the economies of scale that we can then reinvest in better client experiences – and that’s really our predominant focus.”

For the next 12 months, AMP SMSF will continue to focus on back-office operations to “enhance the experience” of SMSF practitioners and trustees, she added.

AMP SMSF outlines future growth plans
smsf logo
smsfadviser logo

Become a pro at SMSF fundamentals and make your clients bulletproof with the SMSF Foundations course. Earn up to 21 CPD hours, and learn directly from Aaron Dunn from Smarter SMSF as he deep-dives into the fundamentals you need to know to successfully undertake your work as an SMSF practitioner. Learn more

join the discussion

Latest poll

Do you have clients that are aged 65 or 66 planning to trigger the bring forward rules?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.