Our Guide to Finding the Right SMSF Advisor For You

If you’ve been thinking about setting up a self-managed super fund AKA an SMSF but you’re feeling a bit overwhelmed by everything that is involved – you aren’t alone. Whether you’re looking for expert advice to guide you through opening an SMSF or to help you optimise the performance and ensure compliance of your existing SMSF, an SMSF advisor is the way to go! 

There are a number of reasons why you should work alongside an SMSF advisor. With regulations and investment opportunities constantly changing and shifting, having an expert by your side can help you get the most from your SMSF. 

If you’re looking for an SMSF advisor, this is our guide to finding the perfect fit for you. 

Step one: Assess your needs 

The number one thing you need to do before you start on your hunt for an SMSF advisor is to take the time to really set out exactly what you’re looking for. Do you need help with set-up? Are you looking to help with compliance management or investment strategies? Maybe you need help with all of the above?  

The first step to finding the right SMSF advisor is to really understand exactly what you need so you can find someone with the right expertise. 

Step two: Check expertise 

When it comes to checking out potential advisors, make sure their expertise aligns with your goals and your needs. Look for qualified SMSF specialist advisor that has experience in SMSF set-up and management to make sure you’re getting advice from some of the best in the industry. 

Step three: Look at reviews 

You’ll want to research the reputation of the SMSF advisors you end up working with. Check out case studies and online reviews from clients to make sure your chosen advisor has a good reputation in the industry and a history of happy clients. If you can’t find anything online, don’t hesitate to try to seek out personal experiences from family members or friends to make sure you’re working with an SMSF advisor you can trust. 

Step four: Ensure regulatory compliance  

One of the most important steps you need to take is to ensure the advisor you choose is licensed and regulated by the Australian Securities and Investments Commission (ASIC). Compliance with regulatory requirements is crucial for protecting your interest and making sure there’s ethical conduct. 

Step five: Explore the services offered 

Check out the kinds of services that are offered by your team of chosen SMSF advisors. These services might be SMSF advice like SMSF set up, or something else entirely like investment advice, wealth creation advice or retirement planning. Choose an advisor who can provide you the services and support you need tailored to your circumstances. 

Step six: Communication is key 

The number one thing you need to ensure when locking down an SMSF financial advisor is effective communication! You need to ensure your advisor is responsive to your inquiries and concerns and vice versa. Clear lines of communication and regular updates is key to ensuring a successful advisor/client relationship built on transparency and trust. 

Step seven: Make sure you’re compatible! 

It doesn’t matter how qualified your SMSF advisor is if you just don’t click! Make sure you choose an SMSF advisor that you’re comfortable with and that you trust. Make sure you’re compatible with your advisor and that you’re comfortable enough to discuss your financial situation as well as your goals and concerns. 

Why work with Allied Wealth? 

When it comes to a financial advisor that really does have your best interest in mind, our team at Allied Wealth is the way to go. By using our helpful guide you have all the right resources you need to find the SMSF financial advisor that will best suit you! 

Contact our team today to find out more about what our team of independent financial advisors can do for you in regards to your SMSF. 

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram