Business News

Spring FG opens mysuper247 SMSF platform

Financial services company Spring FG today announced it had opened its mysuper247 SMSF platform for pre-registration, ahead of its full operational launch next month.

Operating from, the platform provides online SMSF establishment, operation and administration access to a vast array of investment options, which will be complemented with financial advice.

“Mysuper247 sets new standards in affordability, ease of establishment and operation, and trustee and member resources,” Spring FG founder and managing director Keith Cullen revealed.

“In addition to an array of integrated investment options, trustees and members will be provided with Australia’s most advanced suite of SMSF management and reporting tools through our integration to Class Super’s powerful digital tool set.

“Mysuper247 members will also benefit from access to Australia’s most comprehensive library of financial education and training resources, including our seven-party SMSF trustee training program, Swimming Between the Flags.

In addition to its standard self-directed offering, Spring FG said mysuper247 trustees and members would have access to both one-off scaled advice and one-off or ongoing personal advice and recommendations.

“Whether seeking specific advice on insurance or portfolio construction, or more strategic advice on matters such as contributions or retirement structuring, members will be able to access professional advice as and when they need it,” Cullen revealed.

“By upgrading to our bespoke offering, trustees will also be able to hold nearly any type of Superannuation Industry (Supervision) Act-compliant investment, providing flexibility generally not available via online platforms.”

Mysuper247 offers a broad and diverse range of integrated investment options, including cash management accounts from Macquarie Bank, term deposit investments from more than 20 Australian banks, Australian equities, options, warrants, exchange-traded funds, interest rate securities and mFund investing.

It also offers contracts for difference and foreign exchange investing, direct residential property and access to SMSF property loans from Spring FG Realty and Spring FG Finance, fractional property investing through DomaCom and a range of SMSF member personal insurance options from AIA Australia.

Cullen said the company expected mysuper247 to make a meaningful contribution to revenue and profits from the 2017 financial year and beyond.

Spring FG first announced in November last year that it would launch an online SMSF establishment, operation, administration and investing service.

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