For many, the term ‘self-managed super fund’ is an oxymoron. Using a financial adviser, people set up an SMSF and invest in a managed account – a type of pre-mixed investment portfolio that matches their risk tolerance. Or they do the same using one of the robo-adviser companies that offer ready-made investment portfolios for SMSFs.
Their super may now sit outside the industry and retail super fund environment but, in reality, there isn’t really a lot ‘self-managed’ about it. However, there is an alternative: to truly manage your own super.
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