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.

Mark Fordree

Leading SMSF administrator Triple A Super will provide SMSF administration services through automated advice provider Ignition Wealth.

“The rapid adoption of technology in financial services is driving the trend towards a full service, one stop shop solution for advisers with SMSF clients.” Brian Pedretti, CEO, Triple A Super.

Triple A Super’s newly launched Preset administration service, with online reporting and administration services, delivers significant business efficiencies and data accuracy. Clients include wealth advisers and accountancy practices servicing SMSFs.

“Preset, Triple A’s new online administration offering has already been approved by a large number of dealer groups and IFAs. The integration with Ignition Wealth will enable advisers to receive a data feed of portfolio assets from Triple A directly into Ignition Wealth’s automated advice solution for SMSFs.” Brian Pedretti, CEO, Triple A Super.

Integrating with Ignition Wealth’s technology to add an automated online advice solution to their administration offering will further improve efficiency and maintain accuracy. A key efficiency advantage to wealth advisers and accountancy practices servicing SMSF clients will be the automated generation of a compliant statement of advice.

“Ignition Wealth’s partnership with Triple A Super and the integration with Preset provides a seamless administration and investment advice platform for SMSF administration. This solution is affordable, compliant and consumer first.” Mark Fordree, CEO, Ignition Wealth.

The Ignition Wealth software technology continues to develop at a rapid pace. Future technology releases will deliver a holistic consumer experience providing comprehensive guidance to SMSF members including advice on super contribution levels, commencing pensions and SMSF asset investment. Online tools and calculators will allow customers to easily create an annual spending budget and calculate the date at which they can afford to retire.

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