Xpress Super adds Macquarie to SMSF platform
Macquarie Separately Managed Account (SMA), Macquarie Personal Portfolio, has been added to the Xpress Super self-managed super fund (SMSF) platform, according to Olivia Long, CEO of Xpress Super.
She said the Personal Portfolio provides SMSF trustees with the ability to utilise a professional investment team to manage their portfolios, while providing a greater level of transparency than managed funds.
"We chose Macquarie's Personal Portfolio because it provides SMSFs the best of both worlds: direct ownership of shares and professional investment management," she said.
"The trustee owns the assets that are then professionally managed on their behalf.
"We chose Macquarie for its strong track record managing SMAs and for the depth of its research and investment process," Long continued.
"It is our intention to continue to add products to the Xpress platform that SMSF trustees would want to incorporate into their super fund."
Long said Xpress Super saw SMAs as a logical addition for self-managed super funds.
"There is an increasing trend toward direct equities within SMSFs — and through Xpress Super, trustees can now utilise investment managers to professionally manage all or a portion of their direct equity portfolios," she said.
"A unique benefit to Xpress Super is the ability for trustees to combine the professional portfolio management provided by the Personal Portfolio with their own trading via the Xpress online compliance platform, all consolidated into one simple report."
Long added that the advantage of using Xpress was that it allowed SMSF trustees to tailor their super fund to suit their preferences, providing consolidated and transparent reporting across cash, shares, Personal Portfolio and insurance, ensuring that the SMSF trustee remained in control.
Originally published on SMSF Essentials.
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