Raiz Invest targets SMSFs

17 March 2021
| By Jassmyn |
image
image
expand image

Raiz Invest is targeting the self-managed superannuation fund (SMSF) sector by allowing SMSFs to invest in its investment products on the Raiz Invest Platform.

Raiz said this was part of its strategy to accelerate its growth in funds under management.

The firm’s Australian chief executive and group chief operating officer, Brendan Malone, said: “We have established the process to allow SMSFs to invest in any of our investment products on the Raiz Invest Platform, confident of their appeal because of the wide choice offered and the very competitive platform fee that includes all brokerage for unlimited trades, no switching fees and automatic rebalancing.

“To date only individuals could invest with Raiz – it has more than 400,000 active customers – but by making our platform available to SMSFs we are tapping into a very dynamic part of the financial services market.”

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. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week 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 ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 13 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 13 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 14 hours ago