Dealer group Sentry has partnered with technology company IDS Super to provide its advisers with leading-edge online self-managed super fund (SMSF) services, starting in August.
Sentry said IDS provided one complete SMSF fund solution with simple online wizards that enabled advisers to establish new SMSFs as well as transfer existing funds using a seamless process.
IDS managing director Sean Saxon said a number of offerings would be developed for the dealer group that would be suitable for specific markets.
The offerings would begin with a full-service option to be marketed as Sentrum SMSF Plus, which would be available online to financial advisers, accountants and their clients, Saxon said.
“Whilst the number of SMSF funds has increased considerably over the past decade, growth is expected to explode in the coming years and Sentry advisers, through the Sentrum SMSF Plus offering, will be positioned to leverage off this opportunity,” Sentry executive director and head of business development David Newman said.
“Sentrum SMSF Plus represents a new paradigm in SMSF administration as an end-to-end scalable platform, which provides the dealer group and our advisers with a fully-featured online plug-and-play SMSF solution, allowing them to have full control over their client relationships.”
It will be available to advisers who meet Sentry’s internal SMSF training requirements.
Saxon said the IDS Super platform was developed from the ground up specifically to enable online, centralised administration and management of multiple SMSFs.
The platform includes compliance tools, the capability to monitor multiple SMSFs on a consolidated basis, the ability to monitor activities of individual funds and system-created regulatory documentation and archiving.
“Using a single online platform, Sentry advisers will for the first time be able to manage the entire process of SMSF client administration, from fund establishment through to preparation of annual accounts, including all necessary trustee documentation,” Saxon said.
