Specialist unified managed account (UMA) provider OneVue has enhanced its service offering for SMSFs.
The improvements centre on the information advisers using the OneVue platform to administer their clients’ SMSFs can provide funds’ accountants for better professional support.
“Comprehensive reporting is provided both daily and as part of the end-of-year tax report, which includes substantiation documents that have been received throughout the year and that are required to complete the SMSF audit,” OneVue chief executive of partner solutions Brett Marsh said.
“An accountant login can now be established so that the accountant, like the adviser, can get secure online access to these reports as well as additional online reporting, such as portfolio valuations and BGL Simple Fund download files.
“While this service is not exclusive to SMSF clients, our separate and newly-created Accountant Ready solution, which includes data loading into BGL Simple Fund software and electronic workpaper preparation, is.
“The Accountant Ready solution allows the accountant who the adviser is working with to view the client’s investment portfolio and more efficiently complete the accounting, compliance, audit and lodgement as required.”
In conjunction with these improvements, enhancements have also been made to OneVue’s End-to-End solution for advisers who are using the administration service without an associated accountant relationship.
“Our End-to-End solution comprises daily member interest reporting, ongoing administration of the SMSF, including minutes, preparation of ATO (Australian Taxation Office) formatted reports, compliance, audit and tax lodgement,” Marsh said.
In addition, the UMA provider has also further developed its SMSF establishment process.
“Our establishment services encompass the online creation of trust deeds, bank and investment account integration, corporate trustee registration as well as fund establishment with the ATO,” Marsh said.
“We are very pleased to extend the range of SMSF services we have available and will continue to look at ways we can further enhance solutions for the growing number of advisers and accountants we work with.”
