Gold push into SMSF
In what represents a new push into the self-managed superannuation funds (SMSF) market, specialist company The GoldCompany has launched a new product it claims is Australia’s only gold and silver savings account.
The product, FirstGold, was devised and first brought to market late last year and is being marketed as “combining the security of hard asset investment with the ease of a traditional online bank account”.
The promoters of the product claim that SMSF owners will be able to put their voluntary contributions toward an “asset that can really ensure a more secure future”.
“Having gold and silver investment as part of a balanced super fund portfolio is widely considered a good hedge against inflation,” the promotional material claims.
The GoldCompany director, Ray Cohen, said the product had been created in response to increasing demands from customers to find a better, smarter way to invest in gold and silver bullion.
Recommended for you
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
