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Making the Right Choices as an SMSF Trustee

With over 80 years combined experience in the financial services industry, we have been providing advice on self managed superannuation funds (SMSF’s) to Perth area investors since self management of superannuation funds became an option in late 1999.

Recently, our parent company, AMP Capital, conducted research on what SMSF trustees considered to be the most difficult part of managing an SMSF. The research was conducted by Investment Trends.*

Right Choices As SMSF Trustee

Poll Results:*

Most Difficult Task:*

27%: Investment selection.
24%: Keeping track of SMSF rule and regulation changes.
23%: Administration and paperwork.
19%: Finding enough time to conduct investment research.

Other Questions:*

76%: Made at least one new investment with their SMSF in the previous twelve months.
35%: Made from 2-5 investment changes in the previous twelve months.
16%: Made between 6-10 changes in the previous twelve months.

Shift in Allocation of Assets:*

38%: Made what was termed a “substantial shift” in the allocation of their SMSF’s assets in the previous twelve months.
Of those 38%:*
24%: Became more defensive.
24% Became more diversified.
23% Changed due to optimism in Australian Shares Market.
22%: Tried to focus more on income.

Decision-Making:*

More than 50% created an SMSF because they wanted more control over their investments.
44%: Make all of the investment decisions on their own.
23%: Make decisions with one other person.
17%: Use a Financial Advisor for help.

Goals:*

41%: Long term goals.
39%: Funding additional personal goals.
37%: Meeting day to day living expenses.

Using a Financial Advisor

27% said they would consult a financial advisor if their SMSF wasn’t performing according to their needs. 48% said they would alter their investments on their own.*

Make the Right Choice

At Approved Financial Planners, we combine more than 80 years’ experience in the Perth market with the resources of our parent company, AMP Capital. To learn more or for a free consult, call us today: 08 6462 0888.

SMSF Trustee Source