News and Announcements
Mafematica SMSF Statistical Report June 2016 & Memo Brief
- Published September 21, 2016 3:56PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The June 2016 quarter statistical report on self-managed super funds (SMSFs) is now available. The report provides high level statistics on the population of SMSFs and members, estimates of total assets and of various asset classes held by SMSFs, as well as fund and member demographics.
Statistical highlights from the June 2016 quarter:
- the total number of SMSFs is 577,236
- total members of SMSFs is 1,087,841
- total value of estimated SMSF assets is $621.7 billion.
ABOUT MAFEMATICA
Based out of FinTech hub Stone & Chalk, Mafematica is an emerging company that was founded by a serial entrepreneur and financial services veteran. Mafematica has designed a scalable, high speed and low cost robo-advice service that is targeting the massive $590 billion SMSF market. It is aimed at helping accountants, planners and trustees to marry a choice of investments with their retirement planning.
The business is based on a financial calculator that projects retirement estimates based on the actual securities held including residential property. Mafematica has secured strategic partnerships in the Actuary and SMSF industries, and is backed by PwC. Its first product, a Retirement Income Report, will be producing revenue within 2 months.
To download the Memo Brief, please click on the link below.