New compliance platform released

SuperCentral compliance platform

Advisers and accountants have been provided with a new digital compliance platform, giving them access to a range of wealth management documents.

Specialist SMSF service provider SuperCentral has released a new digital compliance platform giving advisers and accountants access to a range of specific documents, allowing them to implement a variety of wealth management strategies while remaining focused on compliance.

The new facility means practitioners can now have their wealth management documentation needs and advisory and remediation services satisfied by one platform.

The range of documents being provided on the new facility include those pertaining to limited recourse borrowing arrangements, trusts, asset structuring, estate planning and probate services.

“We’ve now got over 300 documents, whereas some of the other service providers in the market have around 70, and that just comes from having been in the market for so long,” SuperCentral chief operating officer Nikki Rivers told selfmanagedsuper.

Rivers added the upgraded service also includes the ability for clients to use a built-in legal review service.

“This is provided at no extra cost and assesses the legal position as to the suitability of a particular document. During the review we’ll look at a document and may discover a certain element involved is not right. We will then ring the client to tell them they’ll need a little bit of tailoring,” she noted.

The upgraded facility is being provided to SuperCentral members, currently numbering around 2600, at no additional cost.

According to SuperCentral managing director Peter Townsend, the new compliance platform continues the company’s commitment to mitigating the professional risk faced by advisers and accountants.

“Our clients are constantly dealing with changes to regulation and legislation, meaning even simple documents can expose them to risk. We developed our iconic automatic self-managed super deed update and documentation services in response to constantly changing compliance requirements, and it is still supplying advisers peace of mind after 16 years in the market,” Townsend said.

The new SuperCentral platform is now available for practitioners to use.

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