SMSFs

Nov
22

Competition in SMSF market tipped to turn as robots enter

A panel of financial experts have staked their bets on robo-advice as the future of SMSF investment. The panel, which was hosted by the SMSF Association and included representatives from the Australian Taxation Office, ASIC, Investment Trends, SuperConcepts and OpenInvest, emphasised the need for SMSF members to keep up with technological advancements in order to continue investing wisely and maximising their assets. In the aftermath of the royal commission’s findings, trust in advisers in Australia is at an all-time low. As a result of such sentiment and the current advancements in technology and AI (artificial intelligence), the expert panel suggested the way forward for SMSF investors will likely be engagement with […]

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Nov
20

OpenInvest platform gives SMSF trustees direct access to quality investment managers

An online marketplace and platform offering investors access to a diverse range of Australian and international investment managers launched last night in Sydney with self-managed super fund (SMSF) trustees the primary market. The OpenInvest platform will give SMSF trustees and other investors the means and ability to choose from a range of highly credible and experienced managers, with Schroders, Shaw and Partners, SG Hiscock, JBWere, InvestSense (in collaboration with Magellan and Pimco) and Clime Investment Management among the foundation partners. Other managers will follow in the New Year. These investment managers will provide content, information and regular updates explaining their thinking on key issues that influence their investment decisions. This […]

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Nov
13

Technology helping SMSF trustees to deal with uncertainty

An array of emerging tools is available to help SMSF trustees better manage their assets, crucial in times of stockmarket volatility. These new, largely digital technologies are giving trustees and members quality information about how to optimise the performance of their funds. Increasingly, self-directed SMSFs are able to access more asset classes via a joint online broker and online admin solution. For trustees this means increased simplicity – one sign-up process and one account holding all the fund’s investments, feeding data directly to all necessary parties. “For an SMSF, time is your most valuable asset – so don’t waste it on admin, paperwork or reporting,” says Arnie Selvarajah, CEO of […]

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Nov
12

DIY super funds getting into Bitcoin and other cryptocurrencies

More do-it-yourself super funds are investing in cryptocurrencies as interest in investing in digital currencies rises among investors generally. While no hard data will be available until later next year when the Tax Office releases figures for the first time on how much cryptocurrency is held by funds, industry players say there are more self-managed super funds (SMSFs) investing. Fred Schebesta, a co-founder of comparison site Finder as well as digital currency exchange HiveEx, notes a marked increase in enquiries from SMSFs looking to buy cryptocurrency. And Adrian Przelozny, the chief executive of Sydney-based digital currency exchange Independent Reserve, has about 6000 self-managed super funds on the platform, with half […]

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Oct
03

New SMSF admin offering hits market from fintech firm

A fintech firm has developed a new platform which provides SMSF establishment and ongoing administration services. The financial technology platform, called Selfmade, was developed by former Macquarie investment banker Robin Huender and MoneyMe Financial Group chief executive Clayton Howes. Selfmade is an online platform allowing users to establish and monitor the performance of their SMSF while admin and tax returns are taken care of in the background. “Selfmade has built its platform with integrations to Class and Macquarie. The platform targets SMSF trustees and members that might otherwise be handled by less tech-enabled accountants and administrators,” said the fintech firm.   To read more, please click on the link below… […]

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Sep
18

Midwinter integrates with Class

Australian based financial advice technology provider Midwinter Financial Services has today announced its integration with Class, a leading provider of cloud software for administration and reporting of SMSF and non-super investment portfolios. This particular integration will allow users of both Midwinter’s AdviceOS and Class to sync and replicate portfolios from Class into Midwinter’s AdviceOS, and allows users to update portfolio balances in AdviceOS overnight. The integration also allows for Class funds to be prepopulated, updated and used throughout AdviceOS like a normal portfolio. The new integration marks another significant development in Class’ strategy to support advisers in the efficient delivery of advice, enabling effective collaboration across advisers, accountants and their […]

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Sep
14

Thousands of self-managed super funds are now investing in cryptocurrencies

Cryptocurrencies have caught the eye of Australian self-managed super funds (SMSFs), according to staff from domestic crypto exchanges. So along with traditional holdings such as residential property or blue chip shares, a small portion of SMSF investors are looking for something a little more high-risk. Adrian Przelozny, CEO at crypto exchange Independent Reserve, told Business Insider there’s been “significant activity in the space” from SMSFs. He said the number of SMSF customers who are registered with the exchange now number “around six or seven thousand“. That’s still a relatively small percentage of the more than 590,000 SMSFs in Australia, which hold combined assets of almost $700 billion. But it’s a […]

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Sep
06

New partnership sets out to educate the SMSF community in cryptocurrency investments

Cointree one of Australia’s leading cryptocurrency exchanges has partnered up with My SMSF, a specialist provider for property and niche assets. The partnership aims to deliver clarity for people wanting to invest their super in cryptocurrencies. Cointree is one of Australia’s fastest growing digital currency exchanges with now over 60,000 members. Through their community, affiliates and partners, Cointree continues to see a growing interest in investment opportunities in cryptocurrency using a members Self Managed Super Fund (SMSF). “Since our announcement of entering the SMSF space, we have gained a lot of interest from our members and the general public wanting to invest into cryptocurrency using their super,” says Shane Stevenson, […]

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