Macquarie Specialist Investments teams with Class Super
Macquarie Specialist Investments and Class Super have formed a joint initiative under which investor data from Macquarie Equity Lever will be available on self-managed super fund (SMSF) administration platform Class Super.
Equity Lever provides access to selected Australian Securities Exchange-listed securities, and investors receive income distributions, franking credits and capital gains using unlisted instalment receipts, Macquarie Specialist Investments stated.
The arrangement will provide advisers and trustees with more up-to-date information, and the automatic transfer of information will reduce time spent by accountants on audits and other reports, Macquarie Specialist Investments and Class Super stated.
"By reducing the time spent on administration, SMSF trustees, their advisers and accountants can focus on the strategic activities which ultimately maximise returns," said head of Macquarie Specialist Investments Peter van der Westhuyzen Peter van der Westhuyzen.
Recommended for you
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
Vanguard has launched a suite of five model portfolios in partnership with Lonsec Investment Solutions to offer active-passive solutions for financial advisers.
