Financial advisers can now manage the entire needs of SMSF clients through a new purpose built, cloud-based solution.
Queensland-based financial services firm Quill Group has developed a new low-cost portal to enable advisers to establish a new SMSF or transfer an existing SMSF onto the existing Superfund Wholesale platform operated by the firm, as well as manage the ongoing administration.
Described as the first of its kind, the integrated portal also offers a low-cost investment solution for clients as a substitute to institutionally-backed investment products. Users are also provided with daily updated reporting on client details such as tax position, balances and fund performance.
"Financial advisers are always looking for ways to engage with clients - including millennials who might be looking to take control of their superannuation for the first time. Using technology, we've combined a low-cost investment option and SMSF administration solution to give advisers an offering which can grow with their clients while automating many back office processes," Superfund Wholesale director Kris Kitto said.
Kitto added that the portal serves to enhance adviser/client engagement, while also helping advisers to do their core work as relationship specialists.
"Bringing technological innovation to the SMSF space is important and we are excited to be at the forefront offering real differentiation with our adviser portal," Kitto said.
Quill Group intends to extend the capabilities of the portal to incorporate legal and estate planning, with plans to partner with Elston Financial Planning to develop an end-to-end 'packaged' solution for financial specialists.