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A recently-released survey shows accountants are flocking to the ASX’s recently-commenced mFund settlements platform.
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Survey shows accountants moving towards mFund
06 May 2024
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7 minute read
According to the OneVue/Investment Trends 2014 SMSF Accountant Report, 13 per cent of accountants surveyed said they are likely to start using the service for their clients.
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While 13 per cent may not seem like a large proportion, OneVue's head of client and product strategies, Alex Wise, said this number is significant since mFund only commenced operation just recently.
“We expect this trend will continue as more accountants become familiar with the service,” added Mr Wise.
mFund was launched in May 2014 in an attempt to make funds more accessible to self-managed super fund trustees and other self-directed investors.
“There is a growing demand from SMSF investors who want to buy both managed funds and listed securities in a simple and convenient way,” Mr Wise said.
“mFund represents a significant service offering for OneVue and reinforces our strategic positioning to evolve the way Australians manage their investments in a digital environment. We have a fully-integrated service offering with connectivity to the ASX’s Clearing House Electronic Subregister System (CHESS),” he added.
The OneVue/Investment Trends 2014 SMSF Accountant Report is based on a survey of 1,289 accountants in public practice.
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