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Interest rising in SMSF set-up

Interest in setting up an SMSF among those in APRA-regulated super funds is on the increase, while the average balance and age of new SMSF trustees have declined, according to Investment Trends data.

 

 

The research firm’s 2019 SMSF Reports surveyed almost 5,000 investors and found that 21 per cent of those who did not have an SMSF were either planning to or actively in the process of setting up a self-managed fund, up from 19 per cent in 2018 and 18 per cent in 2017.

At the same time, the data indicated that the age and balance level of new SMSF members were falling, with those who had set up a self-managed fund between 2015 and 2019 having a median age of 47 and a super balance of $230,000.

This compared to a median age of 50 and balance of $320,000 for those who had set up an SMSF between 2011 and 2014, and a median age of 52 and balance of $420,000 for those who had set up a fund between 2006 and 2010.

Among those who intended to set up an SMSF, balance levels and ages were even lower, with an average super balance of $40,000 and age of 35.

A higher level of investors than previous years also indicated they planned to set up an SMSF based on word of mouth, with over 25 per cent of those who intended to set up a self-managed fund saying they were planning to do so on advice from a friend who already had an SMSF, up from 21 per cent in 2018.

Around 23 per cent of potential new SMSF members said they wanted a self-managed fund to achieve more control over their investments, while 21 per cent said they were planning to set one up to achieve better returns.

Among existing SMSF trustees, direct shares continued to be the most popular asset class to achieve these improved returns, with an average of 35 per cent of SMSF portfolio assets allocated to shares outside managed funds and ETFs.

However, this was down on 36 per cent in 2018 and 37 per cent in 2017, while over the same period, direct property allocations had increased by 1 per cent per year to 13 per cent in 2019.

While the top three SMSF asset classes were still direct shares, cash and property, trustees demonstrated a preference for gaining international equities exposure, with 35 per cent saying they planned on investing in international shares within the next year.

Enthusiasm for international investing was highest among those with a financial planner, where trustees on average expected to have 18 per cent of their portfolio invested in international assets by 2020.

 

 

Sarah Kendell
19 September 2019
smsfadviser.com

 


Sam El Shammaa

Sam El Shammaa

Director/Financial Planner

For more than 20 years, Sam has been a financial planner helping individuals and families achieve their financial planning goals, by providing advice on Investment Planning; Insurance Planning; Tax Planning; Retirement Planning; and Estate Planning. Working with a network of highly skilled professionals in Sydney he is dedicated to providing high-quality advice and integrated wealth management solutions that simplify and enhance the quality of his clients' lives.

Sam established his own firm in 1997 and has overseen its steady development and growth. Attention to detail, good listening skills and great empathy are symbols of his appreciation by his clients. He has built long-term relationships with his growing client base and aims to provide excellent customer service.

Sam began his financial planning career in 1993 after completing a Bachelor of Science degree in 1991. Since this time he has accumulated many professional qualifications such as:

Sam has volunteered with the Cancer Council of NSW and can be seen almost every year volunteering or participating in the 7 bridges walk.

Away from the business, he enjoys spending weekends with his son. He is also a football (soccer) tragic and is a massive Chelsea FC fan.



George Pereira

George Pereira

Financial Planner

Having worked for national financial planning companies in the past, George has extensive experience in the provision of advice in risk insurance, investments and retirement planning and is focused on forming long-term relationships with his clients.

George has been awarded a Masters of Commerce (Financial Planning) and a Bachelor of Commerce through University of Western Sydney as well as having the Diploma of Financial Services (Financial Planning).


Jane Lim

Jane Lim

Financial Planner

Jane Lim is a friendly character with a bubbly personality. She has the unique ability of making complex information sound simple and easy to digest.

Jane entered the financial services industry in 2006, and worked with big blue-chip financial companies such as Count Financial Limited and AMP Financial Planning Pty Ltd.

She holds a Master's degree in Applied Finance through Macquarie University, and she is a member of the Million Dollar Round Table.

Being a self-confessed "tennis nut", Jane spends many weeknights in the tennis court, and is a frequent member of Sydney's Eastern Suburbs Tennis Competition.

Being a highly motivated professional, Jane is always eager to help her clients on a wide range of financial planning needs.

Paul Jayashekar

Paul Jayashekar

Financial Planner

Paul has been a financial planner for over 15 years helping individuals and families successfully achieve their financial planning goals. He is very focused on building successful long-term harmonious relationships with his clients.

He provides a holistic approach on various aspects of financial advice encompassing areas such as Investment Planning; Insurance Planning; Tax Planning; Retirement Planning and has extensive experience and knowledge in these fields.

Paul's professional qualifications are:

Away from his professional life, he enjoys spending his time with his family doing various activities such as coaching his son and taking him to games. He is a very avid sports fan and a cricket enthusiast.

Christian Tanadinata

Christian Tanadinata

Client Services Manager

Christian joined Capitalwise as Client Services Manager, with backgrounds in both customer service and administration.

Christian is passionate in providing excellent customer service by being attentive to client’s need as well as being able to circumnavigate challenges.

He holds a Master's degree in Commerce specialising in Marketing through the University of New South Wales.

Volunteering is one of his delights in life, where he had spent time being involved with the Centre for Volunteering, St Vincent de Paul's Society, and Sculpture by the Sea in a variety of positions.

Jenny Zhou

Jenny Zhou

Administration Assistant

Jenny is a University of New South Wales graduate who joined the team as an Administration Assistant. She is keen to put her customer service and organisational skills to use, making sure day to day operations run as smoothly as possible.

Outside of work, Jenny focuses her efforts on karate and ice hockey. She can often be found coaching and practicing karate at her alma mater. The rest of her time is spent at one of Sydney’s many ice rinks playing, practicing, or officiating ice hockey.

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