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New SMSF trustees drive financial advice uptake

Financial Standard

|

June 02, 2025

Trustees of newly established self-managed super funds (SMSFs) are behind a surge in the uptake of financial advice, according to a Vanguard/Investment Trends SMSF report.

- Andrew McKean

The report, while showing that adviser influence is growing in new SMSF set-ups, however, indicates that the broader SMSF population still has significant advice needs.

The number of SMSFs using advisers grew from 140,000 in 2023 to 155,000 in 2024.

Despite this growth, most of the sector remains without an adviser.

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