Investment manager Elston and SMSF administrator Superfund Partners have launched an SMSF robo-advice application as part of their joint venture, Superstash.
According to the two companies, the new Superstash app will enable Australians to set up an SMSF online, see an up-to-date view of their portfolio and its performance, and change their portfolio at any time.
Up to four people can be members of a Superstash SMSF. Rather than select individual stocks to invest in, Superstash provides portfolio options, from the stable and conservative through to those targeting growth, according to Superstash head of SMSF Kris Kitto.
"Superstash portfolios provide direct access to a mix of Australian listed shares, property trusts and exchange traded funds," said Mr Kitto.
"Portfolios are proactively managed and rebalanced using a sophisticated series of processes."
According to Superstash, the app includes a retail insurance solution so that people don’t lose their insurance cover when moving to an SMSF.
"The investment managers backing Superstash – Elston – have significant expertise in managing SMSF investments as well as scale, managing well over $1 billion in individualised portfolios," said Mr Kitto.
Superstash is in beta release for iOS, with an Android app launching later this year.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 21 Aug 2016Risks flagged with real estate appraisal valuesBy Miranda Brownlee
- 21 Aug 2016Lawyer challenges ATO view on two fund strategiesBy Miranda Brownlee
- 18 Aug 2017ATO locks in details, addresses panic on real-time reportingBy Katarina Taurian
- 18 Aug 2017Data feeds unreliable for new reporting, says mid-tierBy Miranda Brownlee
- 18 Aug 2017Tax component confusion spurs potential tax liabilitiesBy Miranda Brownlee
- 18 Aug 2017Contributions triple in June quarter, survey showsBy Staff Reporter
- view all
- ATO locks in details, addresses panic on real-time reporting
The tax office has addressed several points of confusion with the new events-based reporting regime, locked in key deadlines, and outlined w...read more
- Data feeds unreliable for new reporting, says mid-tier
With an estimated 20 per cent of SMSFs still encountering errors from data feeds, one mid-tier firm believes the ATO should allow SMSF pract...read more
- view all