SMSF is lucrative for various reasons. Among them, flexibility, control and cost are certainly on the top of the minds of investors. This said, once SMSF investors set up a fund, it is not unheard of that they give up a part of their management control or end up paying a big amount in administration fees. This is where apps have been coming handy of late.
Flurry of SMSF apps in the market
There is a flurry of SMSF apps which are catering to all the possible dimensions of the self-managed sector. A great weapon for SMSF investors they are turning out to be! Not only are they facilitating research and admin, they are also assisting with investment strategies in general and investments in particular.
Apps from the tax office
The tax office apps are taking the perfect initiative by providing a detailed compliance report, videos, and checklists. These can be downloaded via Windows and Google Play and the best part is that they refrain from making any sales pitch. Top draw information without a bent towards selling an idea or a product or a service; just what you would expect from the tax office.
Apps cater to all the dimensions of SMSF
With the Apps, it is quite possible to track your portfolio, the share market, currency market, industry funds and other retail funds, too. Won’t you like to be updated on price movements every so often?
When it comes to managing or organising your portfolio, there are apps in place which help you arrange your documents, spreadsheets and calendar dates. One ponders how things may change in the Australian SMSF sector if the avant garde American apps (read robo advice) enters in a deluge into our market.