Advisers to make ‘the real difference’

by |

Self-managed super is probably the most complex area of superannuation. Unfortunately, it is also where people seek the least advice but actually need the most help, says Wealthtrac managing director and CEO, Matthew Johnson.

Johnson says that the ability to focus on delivering investment and strategic advice, will be what defines the SMSF advice industry in the future.

“What will set qualified advisers apart from the spruikers, is education and the ability to deliver advice on complex areas such as estate planning, contribution caps, related party transactions and other trustee responsibilities.

“Excellence and ease in administration tools will underpin this success, but it is the advisers themselves that will make the real difference.”

In an attempt to give advisers more time to spend with their clients, Wealthtrac has launched a new cloud-based SMSF platform, which brings together all SMSF administration and reporting needs into one centralised hub.

Johnson said the Wealthtrac SMSF platform offers:

  • Instant tax reporting, which enables advisers to optimise a client’s tax position throughout the year, instead of at year end when it is generally too late to fix a tax problem
  • An in-built compliance engine, which sends out alerts if a client breaches a super regulation allowing advisers to fully protect their clients 24/7
  • Wrap-style reporting tools, with mobile access, provide a range of online reports on current performance and transactions.

“Our single monthly fee starts at only $140, and we have no asset based fees, no fee based on the number of investments, and we don’t charge extra to start a pension or commute funds.”

WP forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions