Why So Many New SMSFs Are Being Established Without Financial Advice
Highlights Class research found that the large majority of newly established SMSFs on its platform proceeded without financial advice Lower-cost digital platforms and growing trustee confidence appear to be driving this do-it-yourself shift Running a fund without advice does not remove any of the legal responsibilities that come with being a trustee A striking pattern has emerged in the self-managed super fund sector: most people opening a new fund are doing it on their own. Class research cov...

