Ignition Wealth launches low cost high compliance SMSF appropriateness tool
CEO Mark Fordree today announced the launch of the Ignition Wealth SMSF Appropriateness tool, a software technology solution automating the administration of the SMSF appropriateness process.
“This is a client-centric solution that ensures that investors considering establishing an SMSF are engaged, educated and empowered. It offers a low-cost easy to use solution.”.
Mark Fordree, CEO, Ignition Wealth.
Ignition Wealth sets the benchmark in Australia as a business to business digital financial advice solutions provider. This technology solution has been designed to allow advisers, accountants and financial enterprises to reduce the time and cost of the SMSF Appropriateness process.
“Our clients are seeking smart technology solutions to drive efficiencies in their businesses and improve services to their clients. For all financial businesses this is a great solution to reduce time and expense.”.
Richard Liverpool, Head of Sales and Marketing, Ignition Wealth.
Ignition Wealth offers a unique hybrid approach to digital financial advice, providing a full service spectrum of technology, traditional advice and licensing.
“Post-FOFA, as ASIC increases scrutiny in this area, the accountancy market has been urgently seeking a compliant solution for their clients seeking SMSF appropriateness guidance. Ignition Wealth offers them a full service-solution, and allows them to retain the client within their business.”.
Richard Liverpool, Head of Sales and Marketing, Ignition Wealth.
The Ignition Wealth SMSF Appropriateness tool assists clients as they learn about the key responsibilities and issues associated with becoming an SMSF trustee. The tool considers the client’s responses and makes a recommendation depending on whether they meet the SMSF appropriateness criteria.
Clients complete a comprehensive and easy-to-follow fact find and are then guided through a learning centre where they engage with information about SMSFs and trustees at their own pace. The journey includes a meeting with an online adviser from the Ignition Wealth Advice Team. The investor receives an SoA together with a recommendation. If the investor is also seeking an investment solution, Ignition Wealth offers SMSF portfolios. The cost for the full journey, including the meeting with the Ignition Wealth adviser is $770 (inc GST), offering a very significant saving on the traditional model.
Should the investor require additional advice, this may be provided by their own adviser or by the Ignition Wealth team at an additional cost.
