CBA signs onto Topdocs for SMSF integration
Topdocs has penned an agreement with the Commonwealth Bank of Australia (CBA) in a bid to increase efficiency and save time for advisers when ordering legal documentation.
The ‘Instant SMSF' online application — which was first announced in November last year — was formed to help advisers during the process of setting up self-managed superannuation fund (SMSF) establishment documentation and is available in Topdocs' online portal.
Topdocs director, Michael Spakman, said the partnership reaffirmed Topdocs' commitment to forming "time saving integrations" as well as giving advisers better access to legal documentation.
"Our goal is to provide advisers with quick and easy access to quality legal documents," Spakman said.
The new integration will see advisers using the online application being given the ability to populate a Commonwealth Bank Accelerator Cash Account application — distributed by CommSec Adviser Services — at the same time as establishing their SMSFs.
Spakman said the new enhancements will help advisers be more productive by focussing less on administrative tasks.
"Creating time saving integrations with widely used industry providers such as the CBA enables us to provide great efficiencies for advisers when ordering their legal documents, enabling them to focus more on income producing work and less on administration," he said.
According to Topdocs, the integration will also allow advisers to establish a corporate trustee and investment strategy for the fund and have the ABN application with the Australian Business Register automatically populated.
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