SMSFs

Apr
27

BGL & SelfWealth team up to provide value added services for Accountants

BGL Corporate Solutions and SelfWealth have teamed up to provide free value added services for Simple Fund 360 clients. SelfWealth, Australia’s only flat fee brokerage solution is now fully integrated with Simple Fund 360; Australia’s leading SMSF cloud solution.  The integration gives Accountants free access to SelfWealth’s fixed fee trading solution, portfolio construction tools and stock research powered by Thomson Reuters with the ability to extend these services to their clients. “The integration is well timed” said Ron Lesh, Managing Director of BGL.  “With the early adopters of Simple Fund 360 experiencing significant time savings through automation, they are now looking to expand their services to provide more value to […]

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Apr
27

BGL & SelfWealth team up to provide value added services for Accountants

BGL Corporate Solutions and SelfWealth have teamed up to provide free value added services for Simple Fund 360 clients. SelfWealth, Australia’s only flat fee brokerage solution is now fully integrated with Simple Fund 360; Australia’s leading SMSF cloud solution.  The integration gives Accountants free access to SelfWealth’s fixed fee trading solution, portfolio construction tools and stock research powered by Thomson Reuters with the ability to extend these services to their clients. “The integration is well timed” said Ron Lesh, Managing Director of BGL.  “With the early adopters of Simple Fund 360 experiencing significant time savings through automation, they are now looking to expand their services to provide more value to […]

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IRESS readies industry for Fair and Sustainable Superannuation reforms

Financial technology provider IRESS says that just two months out from the introduction of new superannuation laws, administrators and financial advisers should now be in the final stages of preparation. The superannuation laws, known as the Fair & Sustainable Superannuation reforms, introduce new tax concessions, a $1.6 million transfer balance cap, the removal of the tax exemptions for Transition to Retirement pensions and a new system of ‘catch-up’ concessional contributions to assist those with broken work patterns. IRESS’ superannuation administration platform, Acurity, and its financial advice technology, XPLAN, have now provided a range of updates to clients in response to the complex changes, with new versions being provided under existing […]

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Apr
18

Robo adviser Six Park says lower balance SMSFs are viable

A robo adviser backed by four founding members of the Future Fund says that pre-retirees with starting balances of under $150,000 can run their own super funds, despite the corporate watchdog cracking down on providers that offer low-balance SMSF set-ups. The chief executive of Six Park Patrick Garrett said that the robo adviser, which counts the former federal finance minister Lindsay Tanner as both a financial backer and an advisory board member, is launching a lower-cost establishment service to make self-managed superannuation funds more “accessible” and easier to run, particularly for those with small balances. “I wouldn’t recommend a $10,000 SMSF account. But we have one of our first clients, […]

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Mar
15

Australia’s $2.2 trillion super pot drives record ETF demand

Australia’s $2.2 trillion superannuation savings pot is fuelling record demand for exchange traded funds. The number of self-managed super funds holding such investments surged to a record 100,000 in September, according to a report from BetaShares Capital and Investment Trends. SMSFs worth $635 billion are stoking hunger for income-producing assets and drove a 31 per cent surge in the number of Aussie investors who used exchange traded funds last year. Exchange traded funds (ETFs) are a type of investment that can be bought and sold like shares, tracking assets such as commodities, currencies, bonds or market indices such as the S&P/ASX 200 up and down. The interest in those funds […]

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Feb
23

Optimo Financial releases changes to super software

Sydney-based fintech firm, Optimo Financial is releasing new alterations for its Pathfinder Online superannuation strategy software, ahead of the super changes legislated to apply from 1 July this year. Optimo Financial chief executive, Hugh Bannister, said that the optimisation technology which underpinned the Pathfinder Online software and incorporated tax law, super legislation, family tax benefits, and the Age Pension, would overhaul in time to include changes from the Fair and Sustainable Superannuation Bill. “We can develop, test and deploy legislative changes very quickly in Pathfinder,” Bannister said of the alterations to the software. “We believe we are the first software provider to include the recent super changes.” Optimo Financial would […]

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Feb
14

Dart aims for a United States of Fintech

Australian tech entrepreneurs have launched a new digital home for the global fintech community, providing an agnostic platform that founders hope will one day become the seat for an inclusive and encyclopaedic fintech commonwealth. Founder and CEO, Cameron Dart, told AB+F that the International FinTech platform, combines a web portal and directory to meet growing demand from the global community to have a dedicated, online and natively fintech presence for a sector that transcends borders. “We like to think of it as the beginnings of a LinkedIn for fintech,” Dart said. This week’s launch, built on the back of the original Australian FinTech, already encompasses more than 1,000 global fintech companies […]

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Feb
10

DomaCom signs distribution deal with US crowdfunder

Australian crowdfunder, DomaCom has signed an exclusive distribution deal with a New York-based real estate crowdfunding platform, Prodigy Network. The deal aimed to expand investment opportunities for Australian investors wanting to invest in US real estate assets. DomaCom’s chief executive, Arthur Naoumidis, described the agreement as “the start of several overseas property crowdfunding opportunities for Australian investors”. “Enormous buying power exists in our large industry and retail superannuation funds and our growing A$600 billion self-managed superannuation fund (SMSF) market. There are vast sums of money sitting there, some of which must be looking for an opportunity to invest in global real estate markets,” he said. “Whilst crowdfunding is still a […]

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