It will also allow full transactional details to be transferred from XPLAN to Class Super for a client’s accountant to maintain current information for the SMSF.

Iress' executive product manager for wealth, Aaron Knowles, said for accountants and wealth managers operating together to provide consolidated SMSF services, the integration will increase efficiency and reduce operating costs.

“With the stringent ATO auditing and reporting requirements on SMSF clients, it is essential for portfolio managers to be confident they hold a real-time, unified view of the SMSF,” said Mr Knowles.

“This integration with Class Super combines this reassurance with XPLAN’s full portfolio management capability.”

Class chief executive Kevin Bungard said the integration of XPLAN with Class Super will also give advisers better access to key information about their clients' SMSFs.

“With 77 per cent of SMSF planners currently having some working relationship with accountants, and 85 per cent proposing to do so by 2016, this is an industry changing development and one that will deliver significant business efficiencies and competitive advantage for advisers,” said Mr Bungard.