“Without the use of fully automated data feeds between Class and the various bank, broker and wrap platforms, complex fund processing including fund compilation, reconciliation and tax return preparation could take an SMSF manager up to six weeks per fund to complete,” said Class chief executive officer Rajarshi Ray.

“With direct, automated ‘No Click’ data feeds the task can be done accurately in hours,” Mr Ray added.

Head of CMC Markets Stockbroking Andrew Rogers said the streamlined process of transferring data to Class Super will reduce “administrative burden” for clients and their accountants.

Class Super has been experiencing fund inflows of $750 million per week, according to the announcement.