Macquarie enhances term deposits for SMSFs

macquarie-adviser-services/term-deposits/macquarie-bank/financial-planning/SMSFs/macquarie/self-managed-superannuation-funds/investment-trends/financial-planners/

9 July 2012
| By Staff |
image
image
expand image

Macquarie Adviser Services has enhanced its product offering for self-managed superannuation funds (SMSFs), introducing an upgrade to the functionality of its term deposits.

The company announced this week the upgraded functionality reflected recent research by Investment Trends confirming a third of SMSFs intend investing in term deposits in the next 12 months - up from 27 per cent in 2011. 

The company said the enhancements were aimed at driving efficiencies for financial planners through the introduction of an online maturities capability and data-feed improvements.

It said the updates would help streamline the administration required in managing the term deposit component of clients' investment portfolios.

Commenting on the product upgrades, Macquarie Adviser Services head of cash product Peter Forrest said they were intended to deliver simple yet effective enhancements to Macquarie's broad range of cash management solutions, especially for SMSFs.

"Managing term deposit maturities can be a laborious process for both advisers and their clients, with the traditional process requiring significant paperwork in a limited timeframe," he said.

"By introducing an online capability and enabling clients to allow their adviser to manage instructions on their behalf, we have reduced the time burden on both parties, simplifying the whole maturities process."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND