Six Park partners with Heffron to launch transparent, low-cost SMSF solution
Automated investment provider Six Park has today announced it has partnered with leading independent self-managed super fund (SMSF) administration provider Heffron to offer a transparent, low-cost, digitally driven, end-to-end SMSF service.
The partnership allows SMSF trustees to establish an SMSF and take advantage of robo-advice for their fund, with Heffron managing the compliance and Six Park managing the investments.
Six Park CEO, Patrick Garrett, said that while there will always be a place for traditional advice, the solution offers a unique value-for-money proposition for trustees and a lower prospective entry point to set up an SMSF.
“Digital technology and automation are disrupting the wealth industry not because they’re new but because they meet a need for investors, reduce barriers to investment and reduce costs,” said Mr Garrett.
The solution also provides a significant level of transparency for investors at a time when this is more important than ever before, said Mr Garrett.
“Both companies are unaligned with any financial institutions and have shared values of trust and transparency. Six Park chooses investments based on what we believe is best for our clients, not any other incentive or commission. Heffron’s fees are fixed, independent of the size of the portfolio and do not include any commissions.
“We believe we’ll see more and more investors turning to fintech solutions that can provide the level of accessible, transparent and trustworthy asset management that should be standard in this industry.
“We’re very excited to be working with Heffron – their team of experts leads the industry, having won awards for SMSF administration, education, documents, actuarial certificates and more. With them, we can offer the best of innovative technology, automation and human expertise across professional investment management, SMSF set-up and ongoing administration.”
Heffron co-founder and Head of Product, Meg Heffron, said of the partnership: “Both Six Park and Heffron have a vision of bringing expertise normally only available at the big end of town to everyone.”
Both firms are also passionate about ‘simplicity on the far side of complexity’.
“By that, we mean taking something that can be complex and making it accessible and simple without dumbing it down – breaking through the complexity to achieve simplicity rather than achieving simplicity by pretending the complexity never existed in the first place. Six Park does this by taking an enormous amount of experience, expertise and skill in investment markets and wrapping it up in a service that appears very simple to its clients. Heffron does the same thing with SMSFs – sure, they can feel complex if you don’t know anything about them but with the right partner it’s surprising how simple they can be.
“If you’ve decided to manage your own superannuation, the Six Park and Heffron partnership provides a great entry point to having your own fund. Over time, it’s inevitable that a client’s needs will change. Some will want to branch out beyond Six Park investments, others might want to take advantage of some of the strategic opportunities available in SMSFs and will need different technical support. Six Park and Heffron can work with people throughout their superannuation life.”
The new offering will be available from this weekend, when it will officially launch registrations of interest at the Self Managed Super Fund Expo being held at the Melbourne Convention & Exhibition Centre, April 27-29.
Prospective trustees should consider whether an SMSF is right for their personal situation and whether an individual or corporate SMSF structure is appropriate. Six Park is not licensed to advise on the suitability of an SMSF for prospective trustees.
