Preset Super (presetsuper.com.au) is an entirely cloud-based system that offers a feature rich suite of integrated SMSF services with a personalised dashboard, down to the level of individual investment funds.

The service has an all up price of only $990 for administration, tax return and audit, about one-third the cost of similar services, which do not offer the same functionality.

Preset Super is also entirely based in Australia, including audit work, which enhances compliance, responsiveness and data security.

Triple A Super managing director Brian Pedretti said there was nothing like Preset Super in the market.

“Preset Super has been built from the ground up by some of the best IT and data analytics experts in the country to take full advantage of the cloud,” Mr Pedretti said.

“This is going to set a new benchmark for SMSF Administration.”

About 600 SMSFs are already using or committed to Preset, with another 1900 registering interest. Mr Pedretti said the service would be particularly attractive for accountants and planners who wanted to automate the back office work of SMSF administration but also placed a high value on transparency, control and choice. The service can be fully white labelled for institutions, allowin them to utilise their own IP, look and feel.

“The administration and audit functions of Preset can be decoupled to allow maximum flexibility to preserve the working relationship with their clients,” Mr Pedretti said.

“It will enable accountants and advisers to provide high quality administration while maintaining full transparency and control over the parameters of the fund.”

Preset makes setting up a new SMSF or transferring an existing fund as simple as a few clicks online: from establishing a new fund, to opening a new bank account through to the choice of investments.

Preset does not accept rebates or commissions so investment choice is not restricted by a rebate driven menu. Investment choice is extensive and growing, currently over 100 options covering banks, brokers, platforms and wraps.

Preset also incorporates best of breed ancillary services including Automated Advice, SMSF Trustee
Insurance and Audit Insurance.

The power of the system comes from its integrated cloud based portals that connect work flow, query management, the administration system and document management. Automated data feeds from investment product providers are central to Preset’s ability to offer wide fund compatibility.

Mr Pedretti said Preset was able to base its service entirely in Australia because it fully embraced the benefits of the latest technology, including employing a data scientist with expertise in artificial intelligence to continually develop and refine the systems and software.

“There is no reason why, using the best of today’s technology, SMSF administration cannot be done sustainably in Australia,” Mr Pedretti said.

The post Announcing Preset Super, All-Australian cloud-based SMSF Administration at one third the typical industry fee appeared first on AdviserVoice.