New Topdocs SMSF deeds tool
Specialist provider Topdocs has launched a new product into the self-managed superannuation funds (SMSF) sector which it says is aimed at speeding up and simplifying the task of updating SMSF deeds.
The new product, Topdocs SMSF Deed Update, will be available through the company's document portal and is intended to allow accountants, financial planners and SMSF administrators to order deed updates at the click of a button.
The tool is also designed to allow them to house all client deeds in one central location — in the system itself.
Commenting on the new offering, Topdocs managing director Jake Spakman said its development had been driven by the desire to help financial services professionals reduce the administrative burden of managing SMSF deed updates following legislative and rule changes.
"Much of the burden stems from completing order forms and collating deeds manually, which is often time consuming and unproductive," he said.
"What the new update system does is eliminate those steps and totally automates the process, reducing the time required to complete an update to just the click of a button."
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
