SMSF trustees seek specialist advice

SMSF investors are looking for further specialist advice in areas such as tax planning, the age pension, retirement planning and setting up an SMSF, says a new report.

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by Taylee Lewis - February 19, 2015 1 comments

There are significant opportunities for SMSF specialists to capitalise on the growing appetite of investors who seek professional advice on a range of SMSF-related issues, a report compiled by Morningstar and Investment Trends found.

“There’s clearly strong market demand for all types of advice, including independent investment research, and a real opportunity for those businesses capable of meeting it,” said Morningstar director of manager research Asia Pacific Grant Kennaway.

The SMSF Association-commissioned report also found that SMSF investors are increasingly prioritising growth assets.

SMSF Association managing director and CEO Andrea Slattery said: “But as SMSF investors rightfully seek to diversify, it’s critical they get appropriate professional advice as they move to invest in different asset classes.”

“SMSF investors tend to lead the general investor population in investing behaviour and, as such, it’s critical to watch what they are doing,” she said.