Online investment platform targets SMSF trustees

20 November 2018
| By Anastasia Santoreneos |
image
image
expand image

The OpenInvest online marketplace has launched on the Class technology platform, giving self-managed superannuation fund (SMSF) trustees access to Australian and international managers.

Schroders, Shaw and Partners, SG Hiscock, JBWere and InvestSense are among the list of managers available on the platform.

Co-founder and CEO of OpenInvest, Andrew Varlamos, said the platform was created in response to Productivity Commission data which showed around 70 per cent of SMSF trustees made their own investment decisions without advice, and was designed to empower investors.

“This platform was designed and built to assist SMSF trustees who don’t receive investment advice,” he said. “They consistently say they want to access professional help with their investments, and this platform allows them to choose from a range of quality investment managers in an environment that is open, transparent and conflict-free.”

Schroders’ CEO, Greg Cooper, said the platform also provided an opportunity for managers to promote themselves in their own words, without the medium of a financial adviser.

Cooper, who announced his retirement from Schroders recently, would join the OpenInvest board as a non-executive director in the new year.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predict...

4 hours ago

Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one ...

4 hours ago

Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns a...

5 hours ago

TOP PERFORMING FUNDS