I always enjoy the tech issues we've discussed and like your transparency re fees - I agree with UB that there that cutting through the chaff is difficult and many clients end up being coached into a product that is not suitable
Appreciate your comments re wrap accounts in SMSF's - they are simply not good (I'll leave it at that)
I'm not suggesting that people shouldn't use retail funds, but simply that they are educated correctly and not 'sold' on a product / platform
Re 2% - I had a client who thought they had an SMSF but was actually a rebadged MLC master trust styled product and presented in a loose way as an SMSF by a financial planner - 2,000 fixed fee charged by the planner but in fact there was another 13,500 in fees pa / 500,000 base = 2.6% (let alone the planner's fee)- not nice
UB - I'm an accountant specialising in SMSF's (with the growth in SMSF's there would be many larger practices that would now have such specialised divisions) - this includes dealing with compliance and tax planning including - pensions - structures such as warrants - estate considerations - cgt - gst etc
Sounds a bit cliched but it's a fantastic arena to be involved in and very rewarding to be able to assist in helping clients achieve a good result
