Financial Standard Comments - SMSF industry responsibility Forget industry funds, it's the looming self-managed super funds dilemma that needs attention, according to a speaker at the 17th Annual Rainmaker Sales and Marketing Symposium today. https://www.financialstandard.com.au/feed/latest?story=12109800 Wed, 13 Jul 2011 15:22:42 +1000 Wed, 13 Jul 2011 15:22:42 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by CRAIG OFFENHAUSER () Wirh respect to Marianne Perkovic, the SMSF area has been trying to get the large fund managers to listen for 20 years on what they want. I have worked in both areas over the past 35 years, both promoting the funds management area and SMSFs. Only now is the funds management companies like Colonial concerned , not because of an honest desire to "save/educate" the SMSF area but,, I my view, because they feel under threat of losing FUM. SMSFs are growing because the likes of Colonial, and others of course ( no attack on Colonial, I was there ) have not been listening/watching/thinking laterally about what people want. The industry has always been internally focused because that is the "corporate" culture of these organizations. The structure is such that "they" do not know how to develop a operational methodology to handle individual SMSF direct share portfolios within "their" large scale funds management buisness and be profitable. This is despite the fact that independent equities research is almost impossible to buy in Australia. This is why stock brokers are developing their SMSF strategies even though the "best brains" I suppose to be employed in the large funds managers, bar the enormous problem of herding by institutions. They are built for "bulk", not individualism!!
Craig Offenhauser, Director ,Charter Pacific Securities Brisbane 07 32684944

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]]> CRAIG OFFENHAUSER () Wed, 13 Jul 2011 15:22:42 +1000 Comment by Chris () Marianne has certainly hit the nail on the head; smsf's are the biggest threat to platforms and fund managers.
The reason is simple; as product providers are going direct to the public and bypassing planners (BT Super for Life etc) planners are moving direct to the investment and bypassing platforms and fund managers. There is a divergence between planners and product providers.
Looking forward I believe there will be industry funds and there will be SMSF's. Unfortunatley platforms will eventually disappear.

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]]> Chris () Wed, 13 Jul 2011 18:08:04 +1000