SMSF advisers move towards SMA platforms
Self-managed superannuation fund (SMSF) focused advisers are increasing their on-platform funds under administration (FUA), according to Tria Investment Partners.
A Tria analysis found 75 per cent of SMSF-focused advisers using platforms with established managed accounts functionality expected to increasing their on-platform FUA in the next three years, and 25 per cent were expected to move clients off-platform.
"For those that expected to decrease platform use, 80 per cent were using lead platforms with no managed accounts functionality," the analysis said.
"We aren't suggesting that this is the only factor influencing SMSF-focused advisers' choice of administering FUA on or off-platform, but certainly the correlation suggests that it is a key consideration."
Tria noted that this showed the importance of getting segmentation right when looking at research and data about advisers' target market and using it to make decisions.
"It's important to look beyond the ‘averages' to understand in detail what they want and value," the analysis said.
"Now more than ever is this particularly critical in large scale technology builds — given the enormity of costs involved, organisations like platform providers quite literally can't afford to get this wrong."
Recommended for you
The impact of identity theft and its threat to superannuation savings were highlighted in a case that went before the Federal Court at the end of 2023.
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
