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Bravura enhances SMSF capability

Wealth management software provider Bravura Solutions has improved its portfolio administration system, Garradin, for SMSFs, making tax lodgements easier.

“Garradin’s leading administration functionality has been further boosted with the release of electronic tax lodgement,” Bravura head of portfolio solutions for Garradin Darren Speirs said.

“By automatically lodging returns and tracking their progress with the ATO, the enhanced solution allows advisers to quickly and easily perform tasks that previously consumed considerable time and resources.

“This simple and efficient electronic lodgement improves client service by providing easy and immediate access to the status of a tax return. In every respect, it supports a better, more cost-effective administration service.”

Bravura has also introduced a web portal for its Garradin platform to make it more user-friendly for both advisers and their clients.

“The web portal allows advisers to quickly access a single, consolidated view of their client’s assets, which is often difficult for advisers to obtain, and configure this information as required,” Speirs said.

“Further, the clients themselves can also access a comprehensive view of their assets via the portal for investment vehicles such as SMSFs and IMAs (individually managed accounts).”

The Garradin platform now caters for all aspects of SMSF administration from establishment to the day-to-day running of the fund, as well as the electronic lodgement of annual tax returns.

“With its new capabilities, Garradin’s single, scalable solution is unmatched in its ability to comprehensively support financial advisers to deliver market-leading services to SMSF and IMA clients,” Speirs said.

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