In order to minimise costs and maximise control and transparency, many individuals (in conjunction with the team at 50Plus Wealth) are choosing to "self manage" their investments (using super & non super funds). These investors generally want the flexibility to invest in a broad range of assets, which might include;

• term deposits
• directly held ordinary shares & preference shares
• direct property (including the investors business)
• bank deposits
• directly held listed international shares
• exchange traded funds (ETF's)
• works of art
• collectibles

As well as greater control and transparency, an SMSF structure may deliver lower fees when compared with other superannuation structures. These fee savings may be considerable and can have a significant impact on the growth of the Fund assets over time.

50Plus Wealth provides a comprehensive service within the Self Managed Super Funds (SMSF's) and Self Managed (Non Super) Funds sectors. These services include;

• establishment of new SMSF's, including the coordination of new trust deeds, corporate trustees, bank and share broker accounts
• comprehensive administration service
• online access to your SMSF portfolio
• ongoing investment management (50Plus Wealth takes care of all the investment decisions)
• annual Investment Strategy preperation and review
• coordination of all accounting work with 50Plus Wealth accounting associates or through your accountant

An SMSF structure would generally be recommended to investors who;

• want considerable control of their investment portfolio
• would like to be able to access investments which are typically not available through a professional fund manager
• may have held investments directly in the past, and prefer this form of investing
• typically take an interest in their investments on a regular basis
• may have operated a self managed super fund in the past

Some of the benefits of establishing an SMSF are;

• Control
• Flexibility
• Transparency - knowing where your funds are invested and the fees you pay
• Significant investment choice
• Potentially lower fees (in most instances) when compared with managed funds
• Greater ongoing client communication

If you are considering investing in an SMSF, we would strongly recommend you read the the Australian Taxation Office (ATO) publication, "Role & Responsibilities of Trustees" - which can be downloaded from the following link;

http://www.ato.gov.au/corporate/content.asp?doc=/content/46427.htm

Is there a minimum amount that is needed to qualify for the 50Plus Direct Service?

No, there is no minimum however, we believe an SMSF is better suited to investors (individuals or couples) with at least a combined total of $250,000 to invest.