One-stop admin and investment shops target SMSFsBY MARK STORY | TUESDAY, 11 DEC 2012 10:40AMMajor players in equities, cash and other debt instruments - notably large fund managers and major banks - are well positioned to aggressively move into the SMSF fund administration space currently dominated by accountants, according to Chris Lumby head of SMSF at BT. |
Editor's Choice
Apostle taps former Platinum AM chief
Apostle Funds Management has appointed a new chief executive following the departure of managing director Mitchell Gunman earlier this year.
LRBA ban raises questions as new details emerge
New data indicates the impact of the LRBAs ban for SMSFs may have been underestimated, which will affect a market significantly larger than what officials suggested, with major implications for housing supply and competition in the mortgage market.
IFM acquires shopping centre portfolio for $300m
IFM Investors has acquired a shopping centre portfolio to be developed and built by Australian-owned developer-builder Oreana with a value of approximately $300 million, as it seeks to harness a surge in convenience-based shopping.
VanEck targets tech thematics with trifecta launch
VanEck is bringing three ETFs to life for local investors to access thematic investments across several emerging technology sectors, including what it says is "Australia's first dedicated quantum computing ETF."
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Institutions are all about self profit, remunerating the advisers, platform providers and fund managers. By the the time the various layers of fees have been charged (fund manager fees, platform fees, administration fees & adviser service fees) there is not much of a return left for the poor trustees.
Past forays into this field have proven disastrous for the institutions.
I guess they have to do a bit more homework.