Admin provider expands into documents

Mclowd SMSF documents

SMSF administration provider Mclowd will offer a range of SMSF documents under a new arrangement formed with a third-party provider.

SMSF administration provider Mclowd has expanded its services to include the provision of SMSF documents through a partnership with listed financial services business Sequoia.

Under the arrangement, Mclowd will offer its adviser and trustee clients access to white-label SMSF and company documents and deeds produced by Sequoia-owned Docscentre and created by qualified practitioners.

On its website, Mclowd stated the document service will be available via its platform and an Australian Securities and Investments Commission compliance solution using the document service was currently in development, but technical support and billing for the document service will still be handled by Docscentre.

Mclowd managing director Ashley Porter said the ability for the firm to provide the establishment and management of SMSF deeds increased the benefits on offer to its clients at minimal cost.

“Sequoia and Docscentre’s ability to provide this service will not only bolster our product offering, the additional revenues will help to fund the ongoing development of our core software,” Porter said.

“With zero capex required on our side, we are pleased to pioneer this industry-leading opportunity for both parties.”

Sequoia head of professional services Brent Jones said the arrangement between the two businesses created value for both and would continue to demonstrate the ability it had shown in the management of the NTAA Corporate document and administration service since 2004 and the white-label offering produced for its own 450-member authorised representative network.

“The opportunity to roll out our tech to Mclowd’s network will prove what we are doing,” Jones said.

The deal with Mclowd follows the recent purchase of West Australian-based company registration and document provider PantherCorp by Docscentre, which will migrate its technology to the latter’s platform to streamline a number of in-house functions.

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