Self-Managed Super Fund (SMSF) administrators provide administrative and compliance services to SMSF trustees. With the growing number of SMSFs, the role of SMSF administrators has become increasingly important. SMSF administrators are responsible for the fund’s compliance with regulatory requirements, ensuring that the SMSF is operating in compliance with the laws and regulations governing superannuation funds.
One of the services that SMSF administrators provide is investment management. While they are not financial advisors or investment managers themselves, SMSF administrators can assist trustees with investment management by providing guidance and assistance in developing an investment strategy, providing advice on investment options, and monitoring the performance of the fund’s investments. They can also assist with the purchase and sale of assets, and ensure that the fund’s investments comply with regulatory requirements.
However, it’s important to note that the ultimate responsibility for investment decisions made by the fund rests with the trustee. The trustee retains responsibility for making informed investment decisions and selecting suitable investments that align with the fund’s investment strategy.
SMSF administrators can provide a range of investment management services to trustees, but the level of involvement can vary depending on the trustee’s needs and preferences. SMSF administrators primarily focus on providing administrative and compliance services, with investment management being one aspect of the services they provide.
In addition to investment management, SMSF administrators are responsible for a wide range of duties, including managing the fund’s assets, preparing financial statements and reports, preparing tax returns, and ensuring the fund complies with regulatory requirements. They also ensure that the fund’s financial records are accurate and up-to-date, keep abreast of the latest changes to superannuation laws and regulations, and provide advice and guidance on compliance issues.
SMSF administrators play a vital role in ensuring that an SMSF operates in compliance with superannuation laws and regulations. They provide a range of services to trustees, including investment management, but the extent of their involvement in investment management will depend on the trustee’s requirements. Trustees retain ultimate responsibility for investment decisions made by the fund, and SMSF administrators primarily focus on providing administrative and compliance services, with investment management being one aspect of the services they provide. If you are an SMSF trustee, engaging the services of an SMSF administrator can help ensure that your fund is managed effectively and efficiently.
