Getting the Best Help and Advice for your SMSF

Although the fund is supposedly ‘self managed’, you can appoint an advisor to help you run it. This can be anything from providing advice on the best investments to undertaking the complete running of the fund. None of this will release you from your responsibilities because, as a trustee, you’re still personally liable for every decision that’s made.

Depending on your level of skill and the time you have available, you can appoint an adviser with a set level of authority:

• view only, to see what is happening with the fund and assess its performance
• withdrawal, to undertake various transactions for the fund
• complete, to additionally make any changes to the fund.

Granting full access can leave you open to fraud and to transactions you may not like. You therefore need to be clear about the extent of the adviser’s authority, get copies of all correspondence, check all transactions and generally be aware of what is happening.

At Quill, we have Australian Financial Services licensing to advise on an SMSF. We have the knowledge and experience to provide full financial advice, make investments on your behalf and ensure your fund performs as well as it can within your risk profile.

We’re always completely transparent in everything we do so you can rest assured your retirement fund is in safe hands.

Whether it’s individual or commercial tax needs, financial advice or strategies to grow your business, the Quill Group has you covered!

Read Less