New SMSF app launched for trustees

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.

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