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.
AUTHOR
Chris Kennedy
Recommended for you
With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.
The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?
There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.
An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.
