Self-managed superannuation fund (SMSF) administration provider, Heffron, has partnered with automated investment provider, Six Park, to launch a low-cost, digitally driven, end-to-end SMSF solution.
The new offering would launch this weekend and allow SMSF trustees to take advantage of robo-advice for their fund, with Heffron managing the compliance and Six Park managing the investments.
Six Park chief executive officer, Patrick Garrett, said the solution offered a value-for-money, transparent option for trustees that reduced barriers to investments.
“We believe we’ll see more and more investors turning to fintech solutions that can provide the level of accessible, transparent and trustworthy asset management that should be standard in this industry.”
Heffron co-founder and head of product, Meg Heffron, said the partnership was brought on in a bid to bring expertise normally only available “at the big end of town” to everyone, and simplifying the complexity of the SMSF industry.
The super fund has appointed Queensland director and super fund executive Brendan O’Farrell to its board as part of its ongoing governance renewal.
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.