Selfwealth partners with Xpress Super to expand Self-Managed Super Fund offering

Retail investors thinking about starting a SMSF can do so on the Selfwealth platform with the expert help of Xpress Super.

Selfwealth, one of Australia’s leading wealth management platforms for retail investors, has partnered with Xpress Super to provide expert assistance to retail investors wanting to open an SMSF.

Xpress Super is a low-cost provider of administration, accounting, and taxation services for self-managed superannuation funds.

The new partnership helps clients harness Selfwealth’s investment platform while having experts handle the accounting, compliance, and legal requirements of managing an SMSF.

“Self-Managed Super Funds are not for everyone as it is a major financial decision and you need to have the time and skills to manage it,” said Selfwealth CEO Cath Whitaker.

“But we provide our cohort with the opportunity. And we also wanted to make it affordable and Xpress Super is ideal as a low-cost alternative without sacrificing any options or benefits.”

Emma Magee, Chief Operating Officer from Xpress Super, said the company has partnered with some of Australia’s leading institutions to provide clients with cutting-edge technology and a more affordable, simpler SMSF solution.

“We are excited to be working with Selfwealth, whose service offering closely aligns to that of Xpress Super. This alliance will support our ability to provide daily online reporting which allows our clients to be better informed — and therefore make better decisions.  We are strong believers that having up to date SMSF information is more vital than ever.”

According to the Australian Tax Office there are nearly 600,000 SMSFs in Australia with 1.1 million members. Although this represents less than 5% of the population it accounts for $822 billion in assets or about 25% of the $3.3 trillion invested in superannuation.