Australian Securities Exchange (ASX)-listed consumer investment platform provider Selfwealth has partnered with Xpress Super to enhance its offering to SMSF trustees.
The move will allow Selfwealth clients to enjoy the administrative expertise of Xpress Super should they be looking to establish an SMSF.
“Self-managed super funds are not for everyone as it is a major financial decision and you need to have the time and skills to manage it,” Selfwealth chief executive Cath Whitaker noted.
“But we provide our cohort with the opportunity. And we also wanted to make it affordable and Xpress Super is ideal as a low-cost alternative without sacrificing any options or benefits,” she explained.
Xpress Super chief operating officer Emma Magee note the association with Selfwealth represents an additional partnership the organisation has forged with a leading financial services firm to provide consumers with a simpler and more cost-effective administrative solution for their SMSFs.
“We are excited to be working with Selfwealth, whose service offering closely aligns to that of Xpress Super. This alliance will support our ability to provide daily online reporting which allows our clients to be better informed — and therefore make better decisions,” Magee said.
“We are strong believers that having up to date SMSF information is more vital than ever,” she added.
Selfwealth was established in 2012 to allow consumers to invest in the equities market without having to be the subject of significant brokerage fees. It trades under the ASX code of SWF and enjoys a client base of over 127,000.
Xpress Super is an SMSF service provider that offers trustees a range of services including those covering fund establishment, compliance and administration, accounting and fund audit, and tax.
It also gives customers access to a range of information resources to help them improve how they run their SMSFs.
Xpress Super is a wholly owned business arm of SMSF administration specialist firm SuperGuardian.
