US Stocks SMSF

Buying US stocks with your super is easy with Grow’s US stocks SMSF solution.

Many lower cost SMSF providers like esuperfund force you to use expensive and clunky broker solutions like their eboker. Although they on the surface offer $0 brokerage on US stock trades, you have to pay an FX fee 0.60% on every buy and sell. 

It’s possible to get the lowest cost brokerage for your US stocks SMSF via Stake at $0 per trade and 0.70bps FX fees when moving money AUD to US. The full price schedule for US stocks with Stake is here.

Stake charges a USD $5 fee for direct USD transfers into their DriveWealth brokerage accounts. It is possible to pay around 0.30% in FX fees plus USD $5 to move money into Stake USD however the process to do this is not publicly available. 

You can set up an SMSF with Grow with individual trustees or a company trustee.

The only other retail super platform that allows you to buy a limited number of US stocks without a financial adviser is Netwealth via their Super Accelerator Plus. However the brokerage fees on US stocks are very high with a minimum of $38.50 per trade or 0.20% in addition a currency conversion fee of 0.45%.

In addition non-SMSF super solutions have a very limited number of US stocks and ETFs available. An ASX SMSF doesn’t have these restrictions. With Stake you can access 6,000 or more US listed stocks across the NYSE, NASDAQ and also OTC stocks.

You can also combine your super with your spouse with a US stocks SMSF.

Buy US stocks
& ETFs with your super

Invest your super without limits.
Invest in US stocks at $0 per trade. FX fees only to deposit and withdrawal. NOT on every trade.
Professional support
Access professional support from qualified Chartered Accountants and SMSF Specialists.
Cost effective fees
Running an SMSF doesn’t need to be expensive.

Grow your super with our
US stocks SMSF solution

New SMSF setup
We can set up your SMSF quickly and easily. Entirely online with no physical paperwork.
Easy SMSF transfer
We can transfer your existing SMSF to our 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.

US stocks SMSF fee packages

$1320/yr
US Stocks Starter
  • Stake US Stocks 🇺🇸
  • Macquarie CMA bank account
  • Super accumulation accounts
  • Annual SMSF accounts & tax return
  • Includes independent audit
  • Phone & email support
  • Paperless online & e-signatures
$1620/yr
US Stocks Flexi
  • Stake ASX 🇦🇺 + US 🇺🇸
  • Crypto enabled
  • Macquarie CMA bank account
  • Super accumulation accounts
  • Pension accounts supported (+$30/m)
  • Annual SMSF accounts & tax return
  • Includes independent audit
  • Dedicated account manager
  • Phone & email support
  • Paperless online & e-signatures
$POA
Grow Bespoke
  • 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

US Stocks SMSF  packages do not include the ATO SMSF supervisory levy ($259) or ASIC annual review fee for trustee companies ($59). Crypto must be purchased via our preferred crypto exchange(s).

Why use Stake as your US stocks SMSF broker?

Pay FX fees only to move funds AUD > US then enjoy free brokerage.
Secure custodians
All US stocks and ETFs are held in the name of your SMSF by custodians including Citibank N.A.
Stake’s US broker-dealer is a member of SIPC which protects investor accounts for up to US $500,000.
ASX and Wall Street
Stake allows you to invest in both the ASX as well as the US market all via one account. Local favourites and the worlds largest companies all in one place.
Stake enables you to transfer shares from your existing US stocks SMSF broker like CMC, Commsec International and SelfWealth for free via a unique online solution.
Beautiful mobile trading
Stake has arguably the best Apple and Android mobile apps giving you the ability to easily manage your US stocks SMSF portfolio anytime, anywhere.

Frequently Asked Questions

Why is Macquarie used as the cash account for the SMSF?

An SMSF needs its own bank account. We provide access to the Macquarie Cash Management Account (CMA) for the following reasons:

  • No account keeping fees or transaction fees;
  • Fast and 100% online account set up;
  • Data feeds and read-only accountant access;
  • Great mobile bank app and Australian-based customer service;
  • Accepted by all industry and retail super funds for electronic transfer via SuperStream;
  • Government Guaranteed up to $250,000.

Keeping your SMSF money separate from your personal money is essential when you have an SMSF. Because most people don’t use Macquarie for their everyday personal banking, using Macquarie helps ensure no costly mistakes.

It is important to note that it is not compulsory to use the Macquarie CMA to use the services of Grow SMSF. We will only provide you with information on the Macquarie CMA and assist you with the administrative aspects of setting up the account based on your instruction. Please refer to our Advice Disclaimer for further information.

Does Grow SMSF receive commission from Stake?

No.

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

Grow SMSF offers a discounted solution to make a self-managed super fund more accessible for self-directed investors.

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 Stake. 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 Stake account in my name. Do I need a DIFFERENT Stake account for my SMSF?

Yes.

One of the most fundamental principles of a self-managed super fund is separation of assets. A separate Stake 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.

Why is there an additional fee for ASX trading?

Quite simply there is extra work involved to take care of all the accounting and auditing for an SMSF running both ASX and US stocks (or crypto) whereas if your SMSF only holds one asset type, there is less work and less reporting.

Why is Stake used as the US stocks SMSF broker?

The brokerage account for your SMSF runs side-by-side your cash account. Grow recommends Stake for US stocks and ETFs because of the following great features:

  • $0 brokerage fees once monies transferred to USD
  • Security of SIPC protection
  • Beautiful trading experience via their mobile apps;
  • Free online transfer process to move existing US stocks from other brokers..

While the Macquarie account acts as the cash hub for your SMSF, Stake acts as the investment platform. Transferring funds between Macquarie and Stake is quick and easy. The combination of Macquarie and Stake ensures your SMSF is future proof if you want the option of adding property and other assets in the future.

How much does it cost to set up an SMSF?

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

  • $770 with individual trustees;
  • $1320 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.

You can set up a new SMSF with Grow here: Set up an SMSF

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 our solution is detailed investment and capital gains tax (CGT) reporting.

When you trade on Stake, any trades will automatically flow through into our SMSF accounting platform (normally next business day). We track all holdings in your Stake ASX or US stocks SMSF portfolio and when you sell the system will automatically minimise the capital gains on the sale.

Can I add crypto to my US stocks SMSF portfolio?

Yes.

Under our popular US Stocks SMSF Flexi package you can add crypto to your SMSF portfolio via one of our preferred crypto exchanges.

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.

Ready to go?

Set up your SMSF today with Grow.

Transferring? Questions?

Drop your email in below and we will send you further information regarding out US Stocks SMSF solution including how to transfer an existing SMSF or how to schedule a phone call to ask any questions you may have.

    Grow SMSF Reviews

    Google 5.0/5.0
    Highly Recommend!
    I highly recommend the services that Kris and Grow SMSF provide. Top quality service and all set up within a day. Professionally guided through the process with excellent communication and efficiency. Grow SMSF prices are so low for what you are getting – Amazing…
    Could not be happier.

    Allan M.
    Google Review

    Great customer service

    I highly recommend Kris from Grow SMSF. Cheap setup and ongoing costs, great customer service, very helpful and professional. I was amazed how quick the SMSF was setup. It only took 2 weeks for Kris to set the SMSF up vs my friend’s accountant took 2 months to set his. I am so glad that I found Grow SMSF.

    Rose D.
    Google Review

    Great service and guidance
    I’ve worked with Kris from Grow SMSF for a number of years and he’s always delivered a great service and advice where needed. From the original setup of my SMSF through to getting the returns etc done each year, everything works well with no drama. Highly recommend + keep up the good work!

    Simon P.
    Google Review

    Great assistance

    Kris is very responsive to queries and flexible – always takes the time to explain and assist. I would recommend him to anyone wanting to dip their toes into an SMSF.

    Steve BD.
    Google Review

    Responsive and effective support
    Kris is exceptional. Very responsive, effective and diligent.

    Stephen W.
    Google Review

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    Contact

    Suite 247 / 10 Albert Avenue

    BROADBEACH QLD 4218

    1300 651 263

    07 5665 9979

    [email protected]

    Twitter
    @GrowSMSF – 2 weeks

    SMSFA calls on APRA-regulated funds to standardise verification requirements – SMSF Adviser Well said…

    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.