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.

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.

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.

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).

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

• $385 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.

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.

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.

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.