Rivkin Super has made a self-managed superannuation fund (SMSF) administration service available for customers of its sister stockbroking organisation, Rivkin Securities.
"We set them up with a Macquarie cash account and then they trade through Rivkin Securities. Rivkin Super then picks up all of the SMSF's transactions electronically," Rivkin superannuation manager Charity Bru told InvestorDaily.
"From there we do all of the reporting, including the tax return, any electronic lodgments, and we get an external auditor to audit the fund. If the client needs an actuarial certificate, we can arrange for it and if they want to start a pension, we can arrange it for them too."
Rivkin Super, through the services of Cleardocs, can also provide the necessary legal documents, such as the trust deed, for the fund.
Any assets outside of equities can be included in the administration service as long as the trustees of the SMSF send the details of the investments through to Rivkin Super.
Users of the administration service receive a quarterly statement for the SMSF as well as a full set of reports that can be provided online or via a hard copy format.
"They can also always look at their securities balance online by logging into Rivkin Securities anytime," Bru said.
Rivkin Super is charging $183.33 per month for funds using the standard administration service and $229.17 per month for its premium package, which includes investments other than equities in the reporting process.
The bespoke package that includes features such as fund wind-ups, death benefits, asset segregation and assistance with non-complying funds is provided at a price negotiated with each individual client.
