Powered by MOMENTUM MEDIA
subscribe to our newsletter

Administrator releases new portal amid fee pressures

David Busoli
Adrian Flores
08 June 2020 — 1 minute read

An SMSF administrator has introduced a new portal to its service offering to advisers with clients that are very fee-sensitive or are self-directed investors.

In releasing its new portal, SMSF Alliance principal David Busoli said it will give the administrator the ability to offer advisers an additional, no-cost, service enhancement.

“Advisers now have the additional option to reduce their workload further by allowing trustees the ability to tag documents to unmatched items or satisfy other general requirements directly via the portal,” Mr Busoli said.

“If the adviser chooses, trustees may also access a full suite of online SMSF reports and their fund document files. The adviser retains both visibility and control over all contact.”

Advertisement
Advertisement

Mr Busoli said that under his firm’s standard wholesale service, the administrator normally receives little to no contact from the adviser’s trustee clients and vice versa.

“The adviser’s office is the central point for all communications. We have no problems with this and know that many advisers would have it no other way,” he said.

However, Mr Busoli noted that some advisers would prefer to have less involvement in this process. He said this is particularly the case for very fee-sensitive clients, self-directed investment clients requiring primarily strategy and structural advice and clients whose investments have a large component of non-data-fed investments such as real estate.

Adrian Flores

Adrian Flores

Adrian Flores is the deputy editor of SMSF Adviser. Before that, he was the features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at This email address is being protected from spambots. You need JavaScript enabled to view it..

Administrator releases new portal amid fee pressures
david busoli px smsf
smsfadviser logo

Are you up to date with the legislative changes from 1 July? Contribution cap increases, super guarantees, age increases, SG rate increases. The budget announcement changes. Don’t be caught off guard by your clients’ questions. Prepare for any scenario with the SMSF Foundations course. 21 CPD hours available. Learn more

Arm yourself with the critical information that you need to ensure you and your clients continue to thrive in today’s changing environment at the free-to-stream SMSF Adviser Technical Strategy Day. Live streamed directly to you in October over three days, this event is jam-packed with expert-led sessions to arm you for success by providing the latest updates on regulatory and legislative changes impacting SMSFs. Secure your free spot today, visit www.smsfstrategyday.com.au

join the discussion

Latest poll

Do you have clients that are aged 65 or 66 planning to trigger the bring forward rules?

SUBSCRIBE TO THE
SMSF ADVISER BULLETIN

Get the latest news and opinions delivered to your inbox each morning

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.