Stockspot SMSF

Stockspot SMSF

We’ve designed a self-managed super fund solution that leverages
the power of Stockspot.

Invest using a Stockspot portfolio and we will take care of the rest.
Stockspot SMSF Mobile

Stockspot SMSF

We’ve designed a self-managed super fund solution that uses the power of Stockspot.
Invest your super with Stockspot and we will take care of the rest.
Stockspot portfolios
Access a range of low cost ETF portfolios via Stockspot as well as self-directed options.
Professional support
Access professional support from qualified Chartered Accountants and SMSF Specialists.
Cost effective fees
Cheapest SMSF fees from $55/m* puts the control of an SMSF within reach.
*Stockspot portfolios only.

Grow your super with our
Stockspot SMSF solution

New SMSF setup
If you’ve made the decision that an SMSF is right for you, we can help you get set up the right way.
Easy SMSF transfer
We can transfer an existing SMSF from your current accountant or provider to our Stockspot solution at no cost.
We handle the paperwork
We handle all the SMSF paperwork including tax returns, accounts, audit, trustee minutes and cost-base tracking.

Stockspot SMSF
fixed fee annual SMSF accounting packages

$55/m
Stockspot Simple
Entry level value
  • $660 annual cost*
  • Stockspot portfolios & bank account only
  • Super accumulation accounts (no pensions)
  • Annual SMSF accounts & tax return
  • Includes independent audit
  • Dedicated account manager
  • Phone & email support
  • Paperless online & e-signatures
  • Online portal & reporting
$135/m
Stockspot Flexi
Greater choice
  • $1,620 annual cost*
  • Stockspot portfolio
  • Access to 200+ banks, broker & wrap accounts
  • Super accumulation accounts
  • Pension accounts accepted (+$30/m)
  • Annual SMSF accounts & tax return
  • Includes independent audit
  • Priority lodgement (July-November)
  • Dedicated account manager
  • Phone & email support
  • Paperless online & e-signatures
  • Online portal & reporting
$POA
Stockspot Bespoke
Customised solution
  • All banks, brokers & wrap accounts
  • Property investment supported
  • Precious metals supported
  • All other asset types supported
  • Super accumulation accounts
  • Pension accounts supported
  • Annual SMSF accounts & tax return
  • Includes independent audit
  • Dedicated account manager
  • Phone & email support
  • Paperless online & e-signatures
  • Online portal & reporting

*Annual cost for the Stockspot SMSF administration service including audit conducted by an independent third-party auditor.

Does not include the ATO self-managed super fund supervisory levy ($259) or ASIC annual review fee for trustee companies ($55 where applicable).

Does not include any Stockspot portfolio management fees.

Why Stockspot for your SMSF?

Speak to an investment adviser
Although Stockspot is often called a ‘robo-adviser’ you can speak to one of their humans when you need help.
Investments in your name
Stockspot portfolios are always invested in the name of your SMSF and are CHESS sponsored under your HIN.
Online access and transparency
Online access anytime via the Stockspot dashboard or app.
Tax reporting
Stockspot takes care of the all tax reporting and cost-base tracking of your portfolio which feeds through to Grow’s SMSF accounting platform.
Proven investment strategies
Stockspot’s portfolio records speaks for itself. A variety of strategies and customisations to suit your needs.
Simple fee structure
Stockspot charges an easy to understand % based fee each month based on the amount invested. No brokerage fees, transaction charges, upfront advice fees or withdrawal fees.

Stockspot investment fees and inclusions

Stockspot is Australia’s leading online investment adviser.
SilverGoldPlatinumDiamond
Account Balance$10,000+$50,000+$200,000+$2,000,000+
Annual Fee (paid monthly)0.66%0.66%0.528%0.396%
Phone & Email Support
Annual Review of your Strategy
Automatic Rebalancing
Investing 101 Email Series
Online Access via Dashboard & App
Access to Advice & Client Care Team
Optional Welcome Call
Access to Stockspot Themes
Access to Events & Webinars
Optional Annual Catch-up Call
Dedicated Investment Adviser
Review of your Current Portfolio
Personal Implementation Plan
%0.055
Silver
fee per month
  • Account Balance: $10,000 to $50,000
  • Phone & email support
  • Annual review of your strategy
  • Automatic rebalancing
  • Investing 101 email series
  • Online access via dashboard and app
%0.055
Gold
fee per month
  • Account balance $50,000 +
  • Access to the Stockspot’s Advice & Client Care team
  • Annual review of your strategy
  • Automatic rebalancing
  • Optional welcome call
  • Online access via dashboard and app
  • Personalise your portfolio with Stockspot Themes
  • Access events and webinars
%0.044
Platinum
fee per month
  • Account balance $200,000 +
  • Dedicated investment adviser
  • Access to the Stockspot’s Advice & Client Care team
  • Personal implementation plan
  • Optional welcome call
  • Annual review of your strategy
  • Optional annual catch-up call
  • Automatic rebalancing
  • Online access via dashboard and app
  • Personalise your portfolio with Stockspot Themes
  • Access events and webinars
%0.033
Diamond
fee per month
  • Account balance $2,000,000 +
  • Dedicated investment adviser
  • Access to the Stockspot’s Advice & Client Care team
  • Personal implementation plan
  • Review of your current portfolio
  • Optional welcome call
  • Annual review of your strategy
  • Optional annual catch-up call
  • Automatic rebalancing
  • Online access via dashboard and app
  • Personalise your portfolio with Stockspot Themes
  • Access events and webinars

Fees and inclusions current as at 1 September 2020.

Refer to the Fees page on the Stockspot website for more information.

How does Stockspot work in an SMSF?

stockspot smsf

Click below for further information on the Stockspot Account or SMSF Transaction Account

Stockspot Investment Account

A Stockspot account is made up to two key parts:

  1. Cash Account
  2. Brokerage Account for ETFs
Cash Account

The Stockspot cash account is provided by Macquarie in the name of your SMSF.  You will be provided with online banking access by Macquarie once the account is set up. You have full legal ownership and control over this account.  Stockspot has general withdrawal authority to make investments and deduct fees as per your agreement however they are not the owner or custodian of the account or any investments.

This cash account is set aside for share trading only – i.e. the monies held in there can only be used to purchase the Exchange Traded Funds (ETFs) that make up your selected Stockspot portfolio.

You transfer monies between your SMSF transaction account and the Stockspot cash account. You can use EFT transfers or BPAY to transfers to move money into the Stockspot cash account and request transfers out the same way. Transfers (in either direction) typically take 1 business days depending on your bank however where SMSF transaction account is also with Macquarie the transfer occurs same day.

Brokerage Account

Stockspot uses a execution and clearing broker to execute trades on the stock exchange (ASX) as part of managing a portfolio on your behalf.  All investments are ‘CHESS sponsored’ and legally held in the name of your self-managed super fund.

When your account is opened with Stockspot your SMSF will be provided with a HIN (Holder Identification Number) for the ETFs purchased by Stockspot. If you have an existing SMSF with a stockbroking account your Stockspot HIN will be a new and separate HIN compared to your existing one from another broker.

For more information place refer to the Stockspot MDA Guide.

SMSF Transaction Account

The second key component of the Grow SMSF Stockspot solution is the Transaction Account.

This bank account acts as the central HUB for your self-managed super fund receiving income, paying expenses and being the source of monies for all investments. To invest via Stockspot money needs to be transferred from this account to the Macquarie account linked to the SMSFs Stockspot portfolio.

For newly established SMSFs Stockspot can set up on your behalf a second Macquarie Cash Management Account (CMA) as the transaction bank account for your SMSF.

If you have an existing SMSF that already has a Macquarie CMA, you can keep this account as your transaction account. You will still be provided an additional Macquarie account as part of your SMSF Stockspot portfolio.

To be eligible for the Stockspot Simple and Flexi fixed fee packages provided by Grow SMSF, you are required to use an SMSF transaction account that provides an automated feed into our SMSF accounting platform. The Macquarie CMA fulfills this criteria.

For a list of all bank accounts that fulfill this criteria, please contact us.

Grow SMSF does not mandate which bank account you use for your SMSF transaction account, however as part of the creation of a new SMSF account, you can request we assist you with a Macquarie CMA for your transaction account.  As Macquarie is not as commonly used for personal banking (compared to the Big 4 banks) it’s a great option for an SMSF as it ensures SMSF monies are kept completely separate from your personal monies. Separation of assets is a key compliance requirement for SMSF trustees.

Why two bank accounts?

You may be thinking why two bank accounts are needed, or why two Macquarie accounts? The answer is control.

Some of the powerful features of Stockspot include automatic investing and re-investment as well as re-balancing.  For these features to work effectively, as the trustee of your SMSF you need to be able to control when money is invested with Stockspot.

For this reason a second bank account is needed to ensure automatic investments are not triggered by mistake.  For example if your SMSF receives a deposit (from a contribution or rollover) and you plan to use this money to invest outside of Stockspot or to pay a tax bill or insurance premiums, you wouldn’t want it automatically invested by Stockspot.

Deposits into your SMSF transaction account

The following are examples of the type of deposits that might be received into an SMSF transaction account:

  • Rollovers / transfers from external superannuation funds
  • Contributions from members of the SMSF
  • Contributions from employers
  • Interest income from banks
  • Dividends and distributions from investments (excluding from stocks and ETFs purchased through Stockspot as these are deposited into the other Macquarie CMA linked to your Stockspot portfolio)
  • Tax refunds
  • Transfers of cash from your Stockspot investment account
Withdrawals from your SMSF transaction account

The following are examples of the type of withdrawals that might be paid from an SMSF transaction account:

  • Transfer of cash to your Stockspot investment account
  • Expense payments (e.g. SMSF administration, financial advice fees*, independent audit etc)
  • Insurance premium payments (life, disability insurance etc)
  • Bank fees
  • Tax payments
  • Member benefit payments (pensions and lump sums)

*Excluding Stockspot management fees which are taken from the other Macquarie CMA linked to your Stockspot portfolio)

Stockspot Reviews

Google Reveiws: 4.9/5.0
TrustPilot.com 4.8/5.0

Stockspot SMSF

Bob's Stockspot SMSF Review
We’ve been investing with Stockspot since 2017
We’ve been investing with Stockspot since 2017 and have every confidence in this investment company.
Of the 3 funds we invest with, Stockspot stands out with better results, and is proactive in taking advantage of the markets.

Read more on TrustPilot.com

Bob Mc.
via TrustPilot.com

https://growsmsf.com.au/wp-content/uploads/2020/08/Ray-C.png

Great service

The online platform is excellent, super easy to use. Customer service is great. Very happy

Ray C.
via TrustPilot.com

Stockspot SMSF Review Bernard M
Professionalism, Quality, Responsiveness, Value
The Stockspot platform is very easy to use and fully explains your options, risks and investment strategies; very helpful online staff and easy to get started; better returns than leaving your money in the bank. Very easy to add monthly investment top-ups and I feel very confident with this investment portfolio.

Bernard M.
via Google

Review by Jurg

The proof is in the pudding!

The proof is in the pudding! My share portfolio shrank by 30 %, my Saphire Stockspot by 10 % during these crazy and volatile times. I sleep well, with Chris & Co. Stockspot is a very professional company. The team members I have contact with, Sarah and Louise are competent and friendly. I keep recommending this outfit to family and friends.

Jurg M.
via TrustPilot.com

Vivien Stockspot Review SMSF
These guys are excellent
These guys are excellent have reviewed their research and love their approach which is simple to understand effective and most of all based on low fees with well above industry returns.

Read full review on TrustPilot.com

David S

via TrustPilot.com

Vivien Stockspot Review SMSF
Wish I got this sooner!
The only “regret“ I’ve had is not discovering Stockspot sooner! A seamless platform with an easy to use/transact product, plus responsive and friendly customer support that offers transparent help. No gobbledygook lingo or smoke & mirrors here. Just honest, simple offerings that put the investor back into the driver’s seat and give you the power to dictate your financial future’s direction.

Vivien
via TrustPilot.com

Frequently Asked Questions

Does Grow SMSF receive commission from Stockspot?

No.

Grow SMSF is completely independent of Stockspot. We do no receive any commissions, referral fees or any other compensation from Stockspot.

Grow SMSF offers a discounted solution to make a self-managed super fund more accessible for investors looking to use Stockspot as an investment solution for their superannuation.

How is Grow SMSF different to cheaper online providers like esuperfund?

There are a number of differences if you were to compare Grow SMSF to many of the low cost online only service providers available.  We recommend anyone comparing SMSF service providers look at the following as part of their research:

  1. Service: We provide personalised phone and email support.  You are not forced to make all communication via an online portal. Our phone number (1300 651 263) is readily available during business hours (AEST). Check to see whether other providers have a phone number you can call to speak to a human.
  2. Transparency: Grow SMSF does not receive any commission or referral fees from any of the solution providers we work with including SelfWealth. Some other SMSF service providers receive commissions which increase the ongoing costs of using their preferred suppliers.  Check the Product Disclosure Statement (PDS) of those providers to see how much they receive in commissions.
  3. Work Required from you: Some providers are not ‘full service’ SMSF administration providers – they could better be described as an online accounting system with an SMSF audit and lodgement function attached.  Grow SMSF does not require you to categorise or code any of your SMSF transactions yourself.

The above is not a comprehensive list. Take a look at our blog to find more specific information on comparing Grow SMSF to other service providers.

I already have a Stockspot account in my name. Do I need a DIFFERENT Stockspot account for my SMSF?

Yes.

One of the most fundamental principles of a self-managed super fund is separation of assets. A separate Stockspot account is needed in the name of the SMSF.

Separation of assets means that assets, accounts and investments of an SMSF must be in the name of the trustee of the fund on behalf of the SMSF and cannot be mixed or intertwined with assets and investments of the members / trustees of the fund. If a trustee fails to keep assets of an SMSF separate the breach of the regulations must be reported to the ATO by the independent auditor of the fund.  The trustee(s) could be personally fined or in extreme cases the ATO may deem the fund non-complying.

How can I ‘pick my own stocks’ with Grow SMSF?

With Stockspot you get matched to a personalised portfolio based on your investing goals and preferences. There are five primary portfolios as well as sustainable versions of those portfolios.

If you have more than $50,000 invested with Stockspot, you have a the option of using Stockspot ‘Themes’ that enable you to add extra assets, country exposure or market sectors including:

  • Global shares
  • Australian shares
  • Property
  • Global bonds

If you want to purchase specific investments with your SMSF there is nothing stopping you.  That’s why Grow SMSF offers the Stockspot SMSF Flexi and Bespoke options so you can invest your super with complete freedom.

The most popular Stockspot SMSF option seems to be the Flexi package.  SMSF trustees who work with us often use Stockspot as the ‘core’ of their portfolio, then purchase specific investments as part of their strategy (for example direct ASX or international shares).

How much does it cost to set up an SMSF?

The set up fees for a new SMSF are as follows:

  • $275 with individual trustees;
  • $990 with a company trustee

Grow SMSF intentionally DOES NOT offer ‘FREE’ SMSF establishment to ensure we provide you with the best possible upfront support and service you deserve.

Does Grow SMSF track transactions for CGT reporting? Or do I need to use something like Sharesight?

There is no need to use any 3rd-party tools to separately track your SMSF portfolio. Incorporated into both our SMSF solution as well as Stockspot is detailed investment and capital gains tax (CGT) reporting.

When you invest with Stockspot, any ETFs purchase for your portfolio will automatically flow through into our SMSF accounting platform (normally next business day). We track all holdings in your Stockspot portfolio and when you sell the system will automatically minimise the capital gains on the sale.

Your SMSF portfolio holdings and capital gains tax reporting is available online 24/7 enabling you to see the amount of capital gains and losses for the financial year as well as any unrealised gains on your portfolio.

Are there any upfront advice fees with Stockspot?

No.

There are zero upfront fees to set up a Stockspot portfolio.

If however you are setting up a new self-managed super fund, you will incur upfront fees.  These fees could including seeking independent financial advice on whether an SMSF is suitable for you as well as the cost of setting up the SMSF structure (typically $990 with Grow SMSF where a corporate trustee is used).

Grow SMSF is not licensed to provide you with personal financial advice, including whether an SMSF is suitable for you.  We can only set up an SMSF under your instruction where you’ve independently made a decision it’s suitable or have been recommend that is suitable by an appropriately licensed financial adviser.

Does Grow SMSF provide financial advice?

No.

Grow SMSF does not hold an Australian Financial Services Licence (AFSL) or is not an authorised representative of an AFSL holder.

The advice and support we provide to our clients is limited to either taxation or the compliance of your self-managed super fund under the relevant laws and regulations.

Grow SMSF is not a financial adviser. We do not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of investments or superannuation interests.

Any information contained within this website is provided as an information service only and, therefore, does not constitute, and should not be relied upon as, financial product advice. None of the information provided takes into account your personal objectives, financial situation or needs, and you will need to make your own decision about how to proceed.

Alternatively, for financial product advice that takes account of your particular objectives, financial situation or needs, you should consider seeking financial advice from an Australian Financial Services licensee before making a financial decision.

More information?

Simply drop your email in below and click submit and we will send you further information regarding our Stockspot SMSF solution.

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    Contact

    Suite 247 / 10 Albert Avenue

    BROADBEACH QLD 4218

    1300 651 263

    07 5665 9979

    contact@growsmsf.com.au

    Twitter
    @GrowSMSF – 17 hours

    Can I buy shares in an unlisted company via an SMSF? Yes – just not from yourself or a related party

    @GrowSMSF – 1 day

    We’ve received a lot of interest in our Stake SMSF offer. Although this is not the official Super by Stake solutio…

    Copyright © 2020 by Grow SMSF Pty Ltd. All rights reserved.

    General Information Warning & Disclaimer

    All information contained on this website is provided as an information service only and, therefore, does not constitute, and should not be relied upon as, financial product advice. None of the information provided takes into account your personal objectives, financial situation or needs, and you will need to make your own decision about how to proceed. Alternatively, for financial product advice that takes account of your particular objectives, financial situation or needs, you should consider seeking financial advice from an Australian Financial Services licensee before making a financial decision.

    Grow SMSF does not hold an Australian Financial Services Licence (AFSL) and we are not authorised representatives of a AFSL. We do not provide financial product advice or recommend any financial products either expressly or implied.

    From time to time Grow SMSF may produce information or content about specific financial products or services that enable access to specific financial products however we do not recommend, endorse or confirm as suitable any financial product or service featured on the Grow SMSF website or social media assets. This condition specifically applies to any financial product where Grow SMSF provides services at a discounted or preferential fee due to the use of those products, services or accounts. It’s not compulsory to utilise a specific account or service provider to be a client of Grow SMSF however the types of accounts, investments and service providers you use for your SMSF will determine the fees your SMSF is charged.

    Where Grow SMSF provides information in relation to a financial product or service supported by or integrated with Grow SMSF the information is factual information only about the operation of the account or service and how data or reporting information is made available to us. Before making a decision on any financial product for your SMSF you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision. As financial product and solution providers are frequently making changes to their products and services Grow SMSF cannot accept any responsibility for any outdated or inaccurate information provided on this website or via social media assets.

    Grow SMSF Gold Coast based accountants looking after SMSF trustees from around Australia.

    Liability limited by a Scheme approved under Professional Standards Legislation.