SMSF Trustees seek advice from specialists

Recent research has found that many trustees are actively seeking outside advice to help them manage their retirement savings. This recent research found trustees were looking for specialist advice and were less interested in a one-stop-shop approach when it came to financial planning.

The trustees were seeking more input/assistance with tax and compliance when it came to the operation of the fund. Further it has been found that trustees indicated part of their problem was traditional asset allocation techniques based on risk tolerance, where some felt confined into an inflexible solution that dominated their entire financial position.

On the basis of this, a niche exists within the market, for advisers to look towards more adaptive and active, multi asset strategies to ensure SMSFs have sufficiently diversified portfolios which meet their desired retirement outcomes.

REMEMBER, the above are issues that auditors focus on when it comes to the audit of a SMSF. Our audits for funds start from $300 and follow a comprehensive audit plan.

DISCLAIMER: The above is general advice only, you should not act on this advice without consulting a professional adviser to discuss your personal circumstances.