Stockspot debuts ETF-only super fund | Australian Markets

Wealth management and robo advisory platform Stockspot has formally launched its first retail superannuation product, touted as a easy, clear and low-fee different to conventional tremendous funds.

The new ETF-only fund, first unveiled final November, is now open to the public, promising members “greater visibility and control over their retirement savings”.

Stockspot founder and chief government Chris Brycki hailed the launch of Stockspot Tremendous as a direct problem to “underperforming” and “high fee” funds supplied by conventional superannuation suppliers.

By investing completely in ETFs, Stockspot mentioned its retail tremendous fund holders gain the benefit of decrease charges and higher transparency in comparison with conventional tremendous funds that also invest overwhelmingly “in high-fee, unlisted assets”.

Stockspot Tremendous holders are charged a 0.352% administration price on the primary $500,000, which is capped at $3,630.00 every year (for household teams of up to 6 members). Different charges embody a 0.03% p.a. (on account steadiness) expense restoration price, a 0.026% p.a. (on belongings) extra administration expense, and a 1.5% p.a. money management price (on fund holder’s money account steadiness).

No charges are charged on investments, transaction prices, or for switching.

“Australians are paying billions each year in super fees that could be compounding towards a better retirement,” Brycki mentioned.

“Super funds should be investing in assets that are transparent, fairly priced, and efficient – not complex structures that benefit fund managers more than members.”

Being ETF-only, investments are additionally priced every day, “ensuring fair entry and exit for all members”.

“Many super funds invest in private assets that are only valued quarterly or annually, creating a risk of stale pricing that disadvantages some members over others,” Brycki mentioned.

The fund has additionally been touted as Australia’s first tremendous product to incorporate a “meaningful” gold allocation – a theme repeatedly advocated by Brycki and Stockspot – offering further draw back risk for members.

A further distinctive function of the fund is automated risk changes primarily based on a member’s age, guaranteeing fund holders “gradually transition to a more stable portfolio without unnecessary complexity or fees”.

This ensures that risk changes are “seamless”, and “without hidden costs or unnecessary decisions”, Brycki mentioned.

He added: “Tremendous ought to be easy – your money ought to be invested in cost-effective, diversified belongings that be just right for you, not for fund managers.

“Australians deserve a super fund that prioritises their savings over corporate sponsorships and hidden fees.”