SuperGuardian launches low-fee SMSF play
Specialist SMSF administrator SuperGuardian has launched a new product which it claims is designed to capture the exponential growth in the self-directed investor space.
It claims the new product, Xpress Super, provides a self-managed super fund (SMSF) service intended to rival the top end of the market but with lower-range fees.
Commenting on the new product, SuperGuardian chief executive Olivia Long said the product had been designed to deliver a pricing structure to rival the cheapest provider in the market.
She said it would offer free SMSF establishment, no fees in the first year, an annual $799 fee thereafter, daily online reporting and one-stop-shop trading, accounts and compliance.
"By developing a business model where a default trading platform, cash hub and term deposit service can integrate seamlessly, you create significant efficiency gains that can be passed on to the end client by way of extremely competitive fees," Long said.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
