You can always choose a WRAP product - Macquarie offer one, where you can buy and sell direct shares, plus managed funds. They do all the reporting etc. (which comes with a fee). Might have to go through an Adviser though - if you can get one that is fee for service. DEpends on the provider, you should be able to login yourself and trade. Through Macquarie a trade costs around $35 - admin/reporting/platform fee is somewhere around the 0.8% mark. Minimum investment is about $50,000. The thing that sets them apart is no accountant fees, auditing fees etc. plus you can have relatively low balances compared to SMSF's. The only catch is that there are limits to what you can invest in in some cases and maximum amounts you can have in one particular stock.
