We plan to launch a lite version of our existing Web Superfund service, for Australian SMSFs'.
The objective is to move from the existing cottage SMSF industry, into the fee structure of the Industry Superannuation funds; while meeting the SMSF specific compliance, and audit requirements.
We estimate a total yearly fee of ~$250 for the service, which will allow advisers to recommend SMSF to clients, with FUM below the existing $250k minimum.
We expect this to change the face of SMSF's in Australia..
This service is fully integrated with all BPS services, for a zero admin trading solution.
This service is targeted towards specialist SMSF Administrators, or accountants supplying services to SMSF's with investments, this service is not suitable for operation by trustees, and is compatible with BGL Simple Fund operation.. Most existing BGL administrators should be able to use our service without any training.
The features of service are as follows:
- Must be linked to an existing BPS service, and access account.
- Includes up to two Trustee/Members (98% of all SMSF's).
- Includes, a single access account for funds nominated auditor, for end of year audit purposes.
- Integrated ATO registered SMSF Tax Return.
- End of day price feed, for ASX and Morning star funds
- Suitable for Australian registered Self Managed Super Funds, with 2 trustees/members, in accumulation mode.
- Accountant/SMSF Admin centric service.
Expected release is third Qtr 2012, based on Interactive Brokers.
Any group wishing to be involved with the roll-out of this service please contact me.
Charles Moore
CEO VillageMall Pty Ltd
Office: +61 7 3861 9337
Office: +61 7 3861 9337
Disclaimer The contents of this site should not be understood to be accounting, taxation or investment advice but rather as general product related educational information that may or may not meet your specific requirements.
