BGL’s Simple Fund 360 will provide clients with direct access to the SelfWeath solution, a tool that provides clients with the ability to compare portfolio performance with their peers and professional investment managers.
“We think SelfWealth can be used in a number of different ways by our clients,” said BGL managing director Ron Lesh. “There are many ways SelfWealth can be used to enhance SMSF performance and reporting.
“Accounting firms may wish to provide SelfWealth to their clients to help them improve investment performance. Financial planning firms may wish to use SelfWealth to compare the performance of their advisers with the SMSF community.”
The SelfWealth service will be provided free of charge to all Simple Fund 360 clients in its first year, according to the announcement.
Free of charge for the first year? I saw a recent article where the take up was exprected to be arround 250,000 funds within 4 years. That is one lot of revenue to give up.