Reaching for the SMSF summit
In 2001 SMSFs were a niche sector - $72 billion in assets compared to retail super assets of $152billion - but there were 225,000 of them. To most financial planners they were regarded as too difficult, with retail super providing commission and trails. For accountants they were a good source of administration business. SMSF strategists were few and far between and rightfully so, with most clients reluctant to contribute much to super because of the contributions tax and the ominous threat of excess RBL tax.
A decade later and the world has turned. Suddenly everyone is talking about SMSFs. FOFA has also turned the tables, forcing financial planners to move rapidly toward SMSFs with fee-for-service strategy and investment strategy advice to take the place of trailing commission. SMSFs are sucking the lifeblood from retail and industry super funds and FOFA is only going to compound that. The government to stem the flow with accountants licensing, but the horse has well and truly bolted.
This is the sixth SMSF Strategy Day with Grant Abbott and the only time he will be appearing live before financial planners, accountants, specialist SMSF advisers and lawyers this year. Grant has promised to deliver his most innovative and lucrative SMSF strategies yet.
The early-bird discounted registration fee of $295 + GST (for financial advisers, accountants and trustees) is tax deductible. Attendees will receive bonus materials, webinars and documentation plus access to future specialist SMSF adviser workshops. Book now to secure your place for the most important SMSF strategy session this year.
