SMSF Solutions
SMSFs are an important component of the service offering we provide to our Members as many firms have a growing number of SMSFs under their management.
Our SMSF solutions provide a comprehensive value proposition incorporating:
Extensive technical advice and support
both online and via our Technical Team
Our online technical support provides a comprehensive library covering
areas such as:
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Clients for whom a SMSF may be appropriate |
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Trustee structures and trustee responsibilities |
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Ongoing requirements to be a complying fund |
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Trustee reporting requirements |
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Investment rules and restrictions |
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Penalties |
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Benefit payments and acceptance of contributions |
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ATO Rulings and Determinations |
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ATO SMSF Newsletter |
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Reference Library |
Our Technical Team also provide advice to Members via phone/email regarding a broad range of SMSF queries. Common enquiry areas include related party transactions, investment strategies, segregation of assets, exemptions from borrowing prohibitions, taxation of SMSFs and benefits paid from SMSFs, contribution cap issues, residency issues, in house asset transitional rules and death benefit nominations for SMSFs.
Online SMSF deed creation service and
automatic updating service via SUPERCentral
SUPERCentral provides an online deed-updating service for Self Managed
Super Funds. The rules are updated when required to reflect changes
in the law and SMSF practice to ensure that deeds are always compliant
providing business efficiencies to your firm and service efficiencies
to your clients. The key benefits to your clients are:
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Set & Forget
With a SMSF deed on SUPERCentral, clients never have to worry about the currency of their deed ever again in relation to ever changing legislation concerning superannuation and tax. In addition, the Adviser only has to acquaint themselves with one set of comprehensive Governing Rules across all SMSFs. The SUPERCentral system saves time for the Adviser, Client, Auditors and the ATO. |
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Governing Rules are always up-to-date Updating occurs automatically and without paperwork, so clients aren’t continually asked to sign documentation. |
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No more lost deeds By using SUPERCentral your trust deed will be available through your financial adviser on-line. This ensures you never again have to worry about losing your deed. |
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Immediate advantage Because SUPERCentral ensures that the governing rules are always quickly updated at regular intervals, trustees can take immediate advantage of important new measures in superannuation as soon as new rules are introduced at no further cost. |
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Efficient service Advisers and Trustee can access your details online so that retrieval and reference of information is quick and simple. With immediate access to your updated Deed, your adviser can provide a more efficient service and help you maximise the benefits of your SMSF. |
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High level security With data encryption and password coded access, information is protected to the highest possible level, whilst giving the Trustee and the adviser 24 hour online access to the deed. |
Streamlined generation of SMSF Statement
of Advice
A specialised Statement of Advice generation module for SMSFs is
available through Wealth Planner. This allows Members to provide
compliant strategy and investment advice to SMSFs in a streamlined
and customised way and efficient manner.
Specialist product offering
To cater for the diverse needs of SMSF clients, we have specialist
products available for Members (and their clients) including
instalment
warrants.
An instalment warrant is an arrangement where by an asset is purchased over time via periodical payments or instalments. A typical instalment arrangement is where a buyer pays an initial amount to acquire beneficial interest in an asset as well as an entitlement to any income derived by the asset; the buyer then pays an agreed amount back to the seller which will be made up of both capital and interest.
Direct share options including Separately
Managed Accounts
Shares can be purchase through different options for your SMSF clients
depending on the needs and situation of the client including:
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Separately Managed Accounts via BlackRock Customised Portfolio |
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Model Portfolios, available through our approved research process; or |
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Direct securities purchase as an advisory or non-advisory transaction. |
Separately Managed Accounts via
BlackRock Customised Portfolio
The BlackRock Customised Portfolio Services is a registered managed
investment scheme that enables investors to own a professionally
managed direct share portfolio as a separate account to which their
investments are allocated.
The investor selects a model portfolio of direct shares and BlackRock manages the direct share portfolio on behalf of the investor. Whilst investment decisions are made at a portfolio level, each investment decision is reflected in the individual investor’s portfolio. As such, investors have no control over the day-to-day management of the direct share portfolio.
Using a Customised Portfolio eliminates the administrative hassles associated with managing a direct share portfolio.
Model Portfolios, available through
our approved research process
Model Portfolios can be used for any direct equities portfolio and
can be used when either reviewing or creating a new direct share
portfolio for your clients. Members have a choice of three service
offerings:
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van Eyk Customised Portfolios |
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Adviser Trading Centre Model Portfolios |
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Morgan Stanley Smith Barney Model Portfolios |
van Eyk Customised Portfolios
| Portfolio | Description |
| Core Leaders | This portfolio is assembled from the 50 largest constituents of the ASX 50 Leaders Index. |
| High Yield | This portfolio is selected from the highest yielding stocks in terms of their after-tax (allowing for imputation credits) income returns from within the more attractively valued end of the stock universe excluding property trusts. |
| Value | This portfolio is provided from a search of the cheapest "value" companies (Companies that we have classified as Slugs, Cyclicals, Turnarounds, or Asset Situations) in the Australian market. |
| Growth | This portfolio is provided from a search of the cheapest "value" companies (Companies that we have classified as Slugs, Cyclicals, Turnarounds, or Asset Situations) in the Australian market. |
Adviser Trading Centre Model Portfolios (Commonwealth Premium Research)
| Portfolio | Description |
| Conviction | To provide a well-diversified large-cap exposure to the Australian stock market. |
| Alpha | To provide a well-diversified exposure to the Australian stock market as well as exposure to a small number of potentially high growth stocks. |
| Yield | To provide a well-diversified large-cap exposure to Australian stock market with returns biased towards income rather than capital growth. |
Morgan Stanley Smith Barney Model Portfolios
| Portfolio | Description |
| Income | The income portfolio is designed to maximise the franked yield of the portfolio. |
| Growth | The growth portfolio aims to identify the company with the best growth prospects within its industry. |
Direct securities purchase as an
advisory or non-advisory transaction
Advisers can trade securities for their clients with Adviser Trading
Centre (Count Online Broking - COB) and/or Morgan Stanley Smith
Barney.
These highly professional and respected brokers provide a range
of services at competitive rates. Choosing which broker to use
will
depend on your firm’s trading frequency, the requirements
of your clients and your personal preferences for placing and
monitoring
share transactions and research.
Class Super
The Class Super solution brings together the complete range of required
services to set up and run a SMSF (or SAF), in a simple, easy to
use, automated process. The platform has been designed to provide
automated solutions across many of the problematic areas associated
with the management and administration of Self Managed Super.
Once set up, Class receives automated data feeds from connected service providers, such as banks, from which they automatically upload the clients’ transaction data. Class removes the traditional technology management and infrastructure issues from businesses. There is no complex or costly IT set up or resources required to use it. Class is a secure system that can be accessed from any internet location, 24/7.