National mid-tier firm acquires SMSF practice

One Australia-wide mid-tier accounting firm has announced the expansion of its SMSF advisory services through an acquisition.

Bentleys Perth confirmed yesterday it has acquired Australian Superannuation and Compliance (ASC).

The acquisition signals the Perth office’s intent to “significantly” further its reach in the superannuation and SMSF sectors.

The acquisition will add 250 SMSFs and approximately $1 million in fees to Bentleys’ existing portfolio of funds.

“With the recent growth in demand for self-managed super funds, we identified an opportunity to grow our offering in this space,” said Philip Rix, managing director, Bentleys Perth

“Technology is also now driving a lot of change and ASC has excellent capabilities in this area, offering real-time reporting for SMSF clients. This acquisition paves the way for a specialist offering to our clients, financial planning groups, or other accounting firms who do not have the expertise or cost structures to efficiently manage this highly complex and specialised area of work,” he added.

The expanded division will be headed by Bradley Raw, manager – superannuation services, and will continue to trade under the name Australian Superannuation and Compliance.