Financial services firm Quill Group has created a new low-cost cloud-based adviser portal aimed at improving efficiency and increasing revenue for professionals by entirely managing their SMSF clients’ needs in one place.
The adviser portal, launched today, is an extension of Quill Group’s Superfund Wholesale division and will target smaller advice groups and independents through streamlined processes.
Using automation, financial planners and licensed accountants can establish a new SMSF or transfer an existing SMSF onto the Superfund Wholesale technology platform, as well as manage the ongoing administration.
The integrated service also has the option of a low-cost investment solution for clients as a substitute for institutionally backed investment products available in the market.
“Financial advisers are always looking for ways to engage with clients, including millennials who might be looking to take control of their superannuation for the first time,” Superfund Wholesale director Kris Kitto said.
“Using technology, we’ve combined a low-cost investment option and SMSF administration solution to give advisers an offering which can grow with their clients while automating many back-office processes.”
The portal also provides daily updated reporting, allowing advisers to log in to the back end of the platform and instantly obtain vital information concerning their clients’ financial position, such as tax position, balances, fund performance and other monetary breakdowns that trustees and their advisers ordinarily would not see.
Traditionally, this information would be delivered six to nine months after the end of the financial year, Kitto said.
“This portal is an opportunity for advisers to enhance their engagement with their clients, while at the same time helping them to do their core work as relationship specialists,” he noted.
“Bringing technological innovation to the SMSF space is important and we are excited to be at the forefront, offering real differentiation with our adviser portal.”
Quill will look to extend the portal to legal and estate planning, as well as partnering with managed discretionary accounts firm Elston to provide an end-to-end packaged solution for financial specialists.