Five questions for SMSF professionals to ponder for 2015
Professionals / SMSF / SMSF Strategy / Technology

Five questions for SMSF professionals to ponder for 2015

The answers can go a long way toward powering your SMSF business growth this year. 1. Should you re-engage all of your SMSF clients? For your growth to soar, it is important to understand that you have the ‘right’ clients on board.  What level of segmentation have you done amongst your SMSF client base?  What … Continue reading »

An open letter to the SMSF profession
Licensing / Professionals / SMSF / Technology

An open letter to the SMSF profession

Dear Professional, I am writing to you at a time when issues relating to the self-managed super fund (SMSF) industry are once again part of a Government review.  The Financial Systems Inquiry’s (FSI) interim report is posing questions of the SMSF sector’s rise and potential issues with its continued growth. It wasn’t that long ago … Continue reading »

What is the biggest challenge in growing your SMSF business?
Professionals / SMSF / Technology

What is the biggest challenge in growing your SMSF business?

It is sometimes the simple questions that get the best response… and the Future of SMSF webinar I held yesterday was a testament to that. In discussing the substantial changes impacting the SMSF industry – from regulatory reforms, technology advancements and a changing dynamic of the SMSF population, I posed a very simple question in our feedback survey: … Continue reading »

Is your SMSF SuperStream ready?
ATO / SMSF / SMSF Compliance / Technology

Is your SMSF SuperStream ready?

The new standard for rollovers and contributions to SMSFs are now starting to loom large for many trustees who will need to be SuperStream ‘ready’ to adopt the new data and e-commerce standard from 1 July 2014.  It is expected that these measures could impact as many as 100,000 SMSFs from 1 July, as all … Continue reading »

SMSF Podcast Show – Episode #9
Podcasts / SMSF / Technology

SMSF Podcast Show – Episode #9

Technology as an ‘enabler’ is rapidly changing the compliance landscape for SMSF professionals and is redefining how professionals charge for SMSF compliance-related services.  Research suggests that over the next 2-3 years as much as one-third of professional services revenue, predominantly compliance-related activity could disappear as a result of these technology advancements.  So, it is becoming … Continue reading »

SMSF Podcast Show – Episode #6
Podcasts / SMSF / Technology

SMSF Podcast Show – Episode #6

Technology is playing a significant role in shaping the future of the SMSF industry.  Generally, the SMSF industry has been slow adopters of technology, much of this probably due to the fragmented nature of the industry and the relatively low historical numbers of SMSF clients per professional.  This is changing and at a fairly rapid … Continue reading »

Using social media to build your SMSF business strategy
Opinion / Professionals / SMSF / SMSF Strategy / Technology / Trustee education

Using social media to build your SMSF business strategy

The use of social media continues to grow significantly – it has truly become part of everyday lives. Facebook, Twitter, YouTube, LinkedIn, and the like are all tools to not only engage with friends but they have also been used to form communities to build knowledge, trust and understanding of common interests. Let’s face it; … Continue reading »

Opinion / Professionals / SMSF / SMSF Compliance / Technology

What makes a good SMSF administrator?

The growth of the self managed super industry has spawn specialist SMSF administrators, both domestically and abroad.  This specialisation has also extended to many accounting firms who are now also developing in-house solutions, with specialist services in SMSF administration to complement their financial services offering. There has been some debate over the past week within the … Continue reading »

Opinion / Professionals / SMSF / Technology

Are we under-utilising technology within the SMSF industry?

The 2011 financial year is already becoming one of the most important year’s to shape the future of the superannuation and financial services industries.  SMSFs are a big part of this transformation, even though it was stated by the chair of the Super System Panel, Mr. Jeremy Cooper that the SMSF industry is in “pretty … Continue reading »