Manage Your Trading, Investing and SMSF Accounts all in the same place
Freeman Fox is partnering with Excela Equities for seamless SMSF Administration
Do you invest directly in shares or options, managed funds or property in your Self Managed Superannuation Fund?
Keeping the accounts on a Self Managed Super Fund can be a complicated affair – particularly with the added compliance requirements mandated by law in the Superannuation Act.
Your accountant may be good at your personal or business tax returns, but often the complexities of the SMSF regulatory environment require a specialist skill and understanding.
The issues often lie not with knowledge of accounting but with knowledge of your investments and your overall goals and strategies.
Buying and selling equities, funds or property might be straight forward to you as you do it each month, but to your accountant looking at a year’s worth of transaction statements, following the paper trail to figure out what it all means can be a complicated affair. (accounting translation: “complicated” means “expensive”)
Partnering with Excela Equities, Freeman Fox can now manage all your trading records, investing decisions and SMSF accounts administration all under one roof. It may sound simplistic, but when your SMSF Administrator is also an expert in your investment strategy (or can walk across the room to talk to your Excela Stockbroker or Freeman Fox Advisor) you can shave literally dozens of hours off the process of preparing your year-end financial accounts.
The problem with an accounting solution: Your Accountant should be very familiar with your personal returns and business activity, however accountants are rarely our investment advisors, and very few accountants are familiar with options strategies or the Buy Write strategy. They’re often not good at interpreting the transactions history. That means more fees for you in sorting it out.
The problem with a 3rd party administration solution: Dedicated SMSF providers should be very competent in the Superannuation legislation and administrative requirements, however they are often not equipped to tailor your accounts to anything more than basic investment grade assets.
The Freeman Fox solution: At Freeman Fox we can combine top experts in the SMSF administration and regulatory field, an in-depth understanding of your overall financial goals and strategies as well as a close working relationship with your Excela Equities Stockbroker to instantly dissect the relevance of each individual share or options trade, including the Buy Write Strategy.
When a specialist SMSF Administrator talks directly to your Excela Stockbroker and Freeman Fox Advisor (and hence can view your financial plans and complete investment portfolio holdings), your annual reports, financial statements and tax returns are completed quickly, seamlessly and competently.
You’ll receive consistent, reliable and comprehensive Financial Statements and Annual Reports, and because we’re specialists talking direct to the source, your fees represent great value ... and you’ll know exactly what they are in advance.
The Freeman Fox SMSF Administration Service includes:
- Existing Self Managed Fund takeover
- Annual Trustee Financial Statements
- Annual Member Benefit Statement
- Income and Regulatory Return Preparation and Lodgement
- Management of External Independent Audit
- Business Activity Statement
- Instalment Activity Statement
- Benefit Payment Documentation
- Pension Actuarial Certification
- Superannuation Pension Recipient Documentation
- Pension Rebate and Deduction Calculation
- Australian Taxation Office Pay As You Go Registration
- Preparation of Pay As You Go Reconciliation and Payment Summary
Freeman Fox can manage your entire SMSF Administration from as little as $2980. And the service is completely flexible allowing for these additional services.
- Options Trading Pack
For if you regularly trade options, not including the Buy Write strategy - Investment Property Pack
For if you hold residential or commercial property - Mail Service
Where we receive your statements directly and automatically prepare your statements at end of year - Property Bare Trust Establishment
Allowing you to buy residential property and borrow up to 80% LVR - Pension Commencement
All documentation and procedures to start or continue a pension from your SMSF
Common Client Issues:
- You’ve got to chase down all the trading paperwork for your accountant each year
- Messy statements and novice reconciliation run up $ thousands in unnecessary fees
- Confusion over capital gains tax or income tax implications
- I would love my accountant and my stockbroker to have a better relationship
- My accountant (or his junior) doesn’t understand the Buy Write, and Options are about as foreign to him as credits and debits (and which side of the ledger) are to me!
- Virtually all of my SMSF investing activity is with Excela Equities stockbrokers – it would be ideal if you could handle everything
- My accountant is so busy with my other returns (business, trust, personal) that my SMSF takes a back seat – my future retirement just doesn’t get the attention it deserves
- My accountant is good at the other stuff, but I really don’t know how good he is as SMSF administration
How Freeman Fox solves that:
- We inherently understand options and the Buy Write strategy – we won’t waste any time wondering how a call is different to a put and how that relates to the underlying share, etc.
- We talk directly to your broker, get all your transactions data directly from the trading platform and present your entire set of accounts in a simple, easy to understand format
- We know exactly what to look for and where to find it, and we have a better set of data to work with which means we’re faster and more effective at crunching the numbers
- Our SMSF Administrators are experts in their field – that’s all they do – with more than 19 years of dedicated experience
- Like a good business accountant, a true expert in this field – the highly regulated SMSF structure – can reduce your compliance risk and optimise your returns with superior tax effective strategies
Benefits of Freeman Fox Service
- We understand your core investment activities
- Because of that, we’re more effective than most conservative Accountants who’ve never traded a day in their lives
- We talk to your Broker direct ... every day. The left hand will always know what the right hand is doing.
- We have direct access to your trading data from the source and can more effectively analyse it with our modern computer tools – no more time consuming line item reconciliation from pages and pages of paper statements
- Excela and Freeman Fox partnering for a coordinated investment approach – stockbroking, advice and SMSF working together
- If you wish, we can even receive all your mail statements direct and automatically prepare your annual returns and statements without you having to lift a finger or track down a single bank statement
- Because we specialise in SMSF Administration and that’s all our team do, we’re effective, efficient and accessible
- We’re a personal service – you’ll always speak to the same person who’s familiar with your situation and overall investment strategy
- Because we’re efficient, we’re an affordable and flexible solution – we can tailor our service to exactly your needs, regardless of your investment methodology or trading activity
Want to get your SMSF sorted now?
If you want to take back control of your super fund and pay less in fees, then make an enquiry today. Just fill in the form below and one of our Freeman Fox Self Managed Super Fund team members will call and email to connect with you promptly.