Ok, I’m going to be bold… well, not too bold but bold enough to put together 10 prediction for the future of the SMSF industry from what I’m observing in key trends, challenges and opportunities with the SMSF sector.
The landscape of the SMSF sector is rapidly changing – from the age demographic of new SMSF entrants, to the way in which trustees seek advice; the impact of technology and how business models are changing to adapt to greater levels of specialisation.
I have put together the infographic below which outlines my 10 predictions for the SMSF industry. Some of these predictions are well on their way to becoming reality, some may never come to fruition.
The purpose of this is to get professionals thinking about the way in which we are seeing rapid change in the industry and to understand what you need to be thinking about in your SMSF business model and how you provide services to SMSF trustee.