OneVue rolls out SMSF services.

OneVue has extended its suite of self managed superannuation fund (SMSF) services following feedback from advisers and accountants who cater to the sector.

OneVue chief executive of partner solutions Brett Marsh said for advisers who administer a client’s SMSF via OneVue’s online investment platform, there are a number of ways they can now support their client’s accountant.

“Comprehensive reporting is provided both daily and as part of the end of year tax report, which includes substantiation documents that have been received throughout the year and that are required to complete the SMSF audit,” he said.

“An accountant login can now be established so that the accountant, like the adviser, can get secure online access to these reports as well as additional online reporting such as portfolio valuations and BGL Simple Fund download files.

“While this service is not exclusive to SMSF clients, our separate and newly-created ‘Accountant Ready’ solution, which includes data loading into BGL Simple Fund software and electronic workpaper preparation, is.

“The ‘Accountant Ready’ solution allows the accountant who the adviser is working with to view the client’s investment portfolio and more efficiently complete the accounting, compliance, audit and lodgement as required.”

Marsh said, these solutions coupled with OneVue’s mail house services and rigorous review of tax implications across all assets increases efficiencies for the growing number of advisers working with accountants.

“We have also made improvements to our existing ‘End-to-End’ solution for advisers who do not have an accounting partner and want a comprehensive service from a single provider,” Marsh said.

“Our ‘End-to-End’ solution comprises daily member interest reporting, ongoing administration of the SMSF, including minutes, preparation of ATO formatted reports, compliance, audit and tax lodgement.

“We have extended our SMSF establishment services as well, which are not limited to those who use our platform to administer their clients’ SMSFs.

“Our establishment services encompass the online creation of trust deeds, bank and investment account integration, corporate trustee registration as well as fund establishment with the ATO.”

Marsh said OneVue also gives clients the option to have their SMSF materials delivered electronically or printed and bound.

“We are very pleased to extend the range of SMSF services we have available and will continue to look at ways we can further enhance solutions for the growing number of advisers and accountants we work with,” he said.

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• The profit-reporting season has largely concluded, although there are a small number of ASX 200 companies to report. CommSec has assessed the results of the 120 companies that reported half year (HY) results (results for the six months to December) and 32 companies that reported for the full year (FY) to December. (Results are up to and including February 25). Aggregate half-year profits are up 25.2 per cent on a year ago while aggregate FY earnings are up 183 per cent.
• Overall 101 companies or 84 per cent of HY companies produced a profit for the half year while only two of the FY companies didn’t report a profit. And 59 per cent of the HY companies reported an improvement in profit while 83 per cent of FY companies reported a similar lift in earnings.
• As at June the 152 companies had cash balances of $102.5 billion, up 25 per cent on the previous reporting periods.
• The vast majority of ASX 200 companies paid dividends. Of the HY reporting companies, 83 per cent issued a dividend while 80 per cent of the FY reporting companies issued a dividend.
• Just like last reporting season, aggregate earnings results for Corporate Australia were solid, but analysts wanted more. Bloomberg reports that 29 per cent of companies beat market expectations for earnings per share (positive surprises) while 49 per cent disappointed.

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Head of BT Wrap, Chris Freeman, said the reports build on the enhanced Dealer Group DeskTop launched last year, as part of BT Wrap’s model portfolio offering, and will make it easier for dealer groups to support their advisers through better visibility of their total holdings.

“The latest product release demonstrates BT Wrap’s ongoing commitment to providing market leading platform functionality which has already delivered a market leading equities trading centre, bulk trading, consolidated order screens and model portfolio tools in the last 12 months,” he said.

“This week’s roll-out includes two new desktop reports and three bulk reports that will drive efficiency for dealer groups, their advisers and their clients.

“The reports provide a range of summary options, including the ability to view results across single or multiple badges, allowing the dealer group to provide better business-building strategies as well as support services such as compliance and legal to their advisers.”

“For example, dealer groups will be able to have immediate visibility of the impact changing a stock in their APLs and respond and tailor accordingly. Another benefit is managing the impact of a frozen fund or significant drop in a unit’s value. By having immediate access to their group exposure, as well as individual adviser impact, the dealer group can target advisers and clients with immediate information and support.”

Head of Distribution & Alliances at Genesys Wealth Advisers, Pia Zulueta, said the variety of reports will allow them to more meaningfully track their business and tailor support services to their advisers.

“With real-time data and a huge array of inputs the benefits will be multi-fold. As a dealer group we will be able to quickly identify trends, understand the impact of business decisions and correlate market data to our own. The visibility to the licensee and the support it will provide our advisers will be hugely beneficial,” Ms Zulueta said.

The Dealer Group DeskTop badge reports include:

• Total Wrap business report: A summary of total Wrap business across various products as at COB of the prior full business day including total funds under advice, average client balances and loans and breakdown of total holdings across managed funds, term deposits, equities and cash.
• Periodic summary report: A summary of movements in total Wrap business across pre-determined periods including opening and closing balances, total deposits, withdrawals, transfers and distributions.
• Bulk reports: A summary of monthly investment flows, clients holding

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