Supercorp has introduced new automated share broker transaction feeds to its online self-managed superannuation fund (SMSF) administration service, Supermate.
The new facility is called the Supermate Omnibroker service and will allow the SMSF administration application to automatically load any contract note for an Australian equities trade, regardless of the broking house that executes the trade.
In addition, Supercorp has also introduced customised transaction feeds from a number of major investment vehicles, such as BT Wrap, Macquarie Cash Management Account and Etrade.
Each development has been introduced to provide more accurate and updated information to practitioners managing SMSF clients.
“With Supermate’s innovative automated clearing process, share trades will be automatically reconciled and posted in conjunction with a fund’s banking transaction data. We believe that accountants and advisers who are involved in administering SMSFs with actively-traded share portfolios will experience time and cost savings of around 30 per cent by automatically getting the right information each day,” Supercorp business development manager David Mendelovits said.
“Trustees can get an accurate, current picture of their SMSF’s Australian equity holdings, which has been difficult in the past given the time taken to manually update share sales/purchases.”
The Omnibroker service is being offered to Supermate users on a pay-as-you-go basis and is powered by RSDataWeb.
Mendelovits said the Omnibroker launch would be followed by further enhancements to the SMSF administrative application, including automated links for the creation of pension-exempt actuarial certificates and an automated trust deed service.
