A SMSF is permitted to invest in ETFs. Clients of ESUPERFUND are permitted to use any Australian Broker to invest in ETFs for their SMSF. To simplify the Australian Broker Account Application Process documentation to establish a Commsec Trading Account (Commsec) is included with the documentation forwarded to you when you submit your online application to establish an SMSF. By using CommSec as the Broker to invest in ETFs, ESUPERFUND is able to electronically access the Broker Data for your SMSF in order to attend to the SMSF Annual Compliance Requirements. No Broker Data records are required from you each year as we already have the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Broker Account and cannot actually login to your Broker Account to access the required data.
Commsec Account Not Compulsory
It is not compulsory to setup and use the Commsec Account and you are permitted to use other Australian Trading Accounts for your SMSF to invest in ETFs. To this extent you are not required to return the documentation to establish the Commsec Account, included with the documentation forwarded to you when you submit your online application to establish an SMSF. However if you establish an Australian Trading Account other than with Commsec to invest in ETFs, data will not be accessible by ESUPERFUND and you will need to source and provide this data to ESUPERFUND annually. If you elect to establish your own Australian Trading Account to invest in ETFs for your SMSF then you will be responsible to arrange the Account Setup. In addition ESUPERFUND provides a Client Login Portal to clients with real time data of all your SMSF Investments. Where you elect to use an Australian Trading Account to invest in ETFs other than Commsec, we will be unable to receive daily data on these accounts, and in turn will not be able to report details of these accounts in real time.
Further details about the Commsec Trading Account can be found here.
No financial product advice or recommendation
No Advice Express or Implied: It is important to understand that ESUPERFUND has not taken into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies in relation to the Commsec Trading Account. ESUPERFUND does not advise or recommend that this product is suitable to a particular investor’s financial requirements or needs in relation to their SMSF. Any information provided in relation to the Commsec Trading Account is factual information only about the operation of the account and how data is made available to ESUPERFUND. Accordingly you should read the disclosures relating to the Commsec Trading Account before making any decision about whether the Commsec Trading Account is suitable for your SMSF needs. We also recommend that you should seek professional advice from a financial adviser before making any decision to use the Commsec Trading Account for your SMSF.
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