LRBA, Platforms, SMSF

DASH adds SMSF features to advice platform

DASH Technology Group SMSF Advisers LRBA Platform Archer

Dash Technology Group has strengthened its adviser support platform by adding features tailored specifically for SMSF practitioners.

Digital solutions provider Dash Technology Group has updated its goals-based advice tool Archer with new features aimed specifically at SMSF practitioners.

Advisers working in the sector will now be able to use a dedicated tool to analyse potential or existing limited recourse borrowing arrangements (LRBA).

The new tool will enable advisers to assess the benefits of an LRBA, its impact on cash flow and project when the SMSF might run out of liquid assets over a given period. These enhancements will allow for optional modelling of a working account and various asset portfolios within the SMSF.

The provider stated each portfolio can have its own rates of return, fees and liquidity characteristics, which will provide advisers with comprehensive insights for their SMSF clients.

“We’re confident these enhancements will make managing clients’ SMSFs more efficient and insightful than ever before,” Dash Technology Group head of products and digital engagement Cameron O’Sullivan noted.

“The difference with this tool is it is an optimiser, not a calculator that requires a human to determine the specific details of a strategy, like the exact dollar or pre and post-tax contributions required for the clients, for every year of the strategy. An optimiser only needs to know how much surplus income to allocate to the retirement goal; it uses an algorithm to do the rest.”

According to O’Sullivan, the platform was designed with the goal of enabling advisers to provide real-time advice to their clients.

“Archer is designed to show the benefits of a particular strategy the adviser might be considering on-screen in a couple of minutes.  It aims to eliminate hours of paraplanning and to enable the adviser to deal with a lot more ‘what if’-style questions from their client on the spot, showing them the impact of such a change.”

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital