Macquarie Financial Services has made further inroads into the self managed super-annuation fund (SMSF) market with the roll out of an “end to end” service.
The service, labelled as Macquarie Self Managed Superannuation, aims to provide assistance in the set up and management, as well as strategic investment advice for an SMSF.
Macquarie Financial Services has made further inroads into the self managed super-annuation fund (SMSF) market with the roll out of an “end to end” service.
The service, labelled as Macquarie Self Managed Superannuation, aims to provide assistance in the set up and management, as well as strategic investment advice for an SMSF.
The service is available nationwide through Macquarie Financial Services and is designed to meet the demand for a flexible superannuation packages, according to Macquarie Strategic Financial Planning head Kevin Johnston.
The service will initially be rolled out through Macquarie’s financial planning arm but is being developed as an offering for external financial planning groups.
Johnston says the service is aimed at those thinking of setting up their own fund, and those with an SMSF seeking better investment performance.
“The fact is that many people who ought to have a self managed fund are turned off by its apparent hassles and complexity,” he says.
“Meanwhile, people who do have a DIY super fund often don’t make the most of it because they are bogged down in administration and may not have time to focus on developing investment strategies to maximise the performance of their fund.”
“The reporting service will cut the cost of legal and accounting advice, particularly as a super fund grows in value and complexity. It also allows investors to see how their fund is performing at any time.”
