SMSFs

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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Australian cryptocurrency exchange Cointree enters the SMSF space with new partnership

Cointree, one of Australia’s leading cryptocurrency exchanges, has identified a growing interest from customers wanting the ability to purchase cryptocurrency with their superannuation. Due to this increased demand, Cointree is partnering up with New Brighton Capital, who offer accredited SMSF accounting services and focus on helping Australians own crypto in their super. “I am very excited about this partnership, this is the first step of the education process for our members, shedding some light around the opportunities of having an SMSF and investing into cryptocurrency,” says Shane Stevenson, CEO of Cointree. “We want to provide platform and channel where partners like NBC can educate our members on the different cryptocurrency […]

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May
28

Major software provider and new fintech retirement planner form partnership

Retirement financial planning solutions provider Mafematica is partnering with Australia’s leading SMSF software company BGL Corporate Solutions, to introduce the ground-breaking Mafematica retirement solution to BGL clients. When launched in coming months, the cloud-based Mafematica product will offer SMSF trustees and intermediaries a vastly superior and lower cost solution to retirement planning than is currently available. Mafematica will help SMSF trustees and advisors to create the best possible retirement outcome, by offering  a range of investment portfolios including direct shares and also assessing the existing securities held in SMSFs. Based at fintech hub Stone & Chalk in Sydney, Mafematica has been founded by career investment banker Derek Condell. Mr. Condell […]

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May
28

Fintech stocks to win from booming market of independent financial advice

Listed investment platforms that benefit from the move towards independent financial advice are among the few winners from the Financial Services Royal Commission. The Commission’s shocking revelations on bank culture and financial-advice standards will surely strengthen the move towards independent financial advice – a trend that has been underway since 2013 Future of Financial Advice (FOFA) reforms. More financial advisers will move away from bank-aligned distribution channels or large wealth-management firms and work for themselves. More customers, concerned about bank ethics, will favour financial advisers who demonstrate genuine independence. Also, advisers will need to look for new ways to grow their business through technology. They’ll need tools that help them […]

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Apr
27

Bentleys selects BGL’s CAS 360 and Simple Fund 360

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions is pleased to announce that Bentleys Chartered Accountants & Business Advisors has chosen CAS 360 and Simple Fund 360 as their ASIC corporate compliance and SMSF administration. “We conducted an extensive review of all the products in the marketplace” said Robin Allardice, Director Bentley’s Tasmania, “And BGL were the clear technology leaders. BGL has been a long term software solution supplier to Bentleys. It is a brand we trust for its honesty and integrity but also its long term market leadership in technology and innovation”. “It’s great to have Bentley’s on board” says BGL Managing Director […]

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Apr
26

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 […]

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Apr
18

BGL releases the first SMSF Artificial Intelligence in Simple Fund 360

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, is proud to announce the release of Stage 1 of its Artificial Intelligence (AI) Assistant for Simple Fund 360. This is a first in the SMSF admin software industry. “This is a huge achievement by our Simple Fund 360 Team” says “BGL Managing Director, Ron Lesh. “BGL has been working on AI for over 12 months. We needed to teach the AI Engine about SMSF transactions through a process known as Deep Learning. This results in Simple Fund 360 providing a level of confidence on where transactions have been allocated in the ledger based on the […]

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