Compared to overall inflows, financial planners are investing a lower proportion of SMSF inflows via platform, according to research findings from Investment Trends.
The “April 2013 SMSF Planner Report” found in total, planners were putting 76 per cent of their inflows on platforms in 2013, in comparison to SMSF client money on platforms making up only 42 per cent.
“One of the reasons for this difference is that SMSF clients are averting paying multiple levels of fees,” Investment Trends analyst King Loong Choi told selfmanagedsuper.
“To grow the proportion invested via platforms, planners want platform providers to focus on getting the basics right, at the right price and either improving the reporting and accounting tools by helping with SMSF-specific functionality.
“In regards to SMSF functionality, what they were after was more SMSF establishment and administration tools.”
In 2012, the overall client base inflow on platforms was 72 per cent, with SMSF client money making up 46 per cent.
The report surveyed over 400 financial planners.
