Multiport Makes SMSF Gearing Easier

Multiport, a leading provider of SMSF and Managed Account administration services has launched an integrated SMSF Gearing Package.

SMSF Gearing is a natural extension to Multiport’s core administration services. The Multiport team is excited to announce the launch of the packaged SMSF gearing solution for advisers and their clients. The service will provide a seamless experience which takes care of all aspects of documentation and loan applications by managing the entire process. This ensures that everything happens in a timely and efficient manner in preparation for SMSF trustees to complete the purchase of their desired property.

Together with either a daily or annual Multiport SMSF administration service, advisers and trustees can enjoy a fully integrated solution accessing Multiport’s significant industry expertise in order to deliver peace of mind.

John McIlroy, CEO of Multiport, indicated that, “SMSFs now form the largest component of the superannuation market and continue to grow at an annualised rate of over 20 per cent per annum. But the rules around gearing a property in a SMSF are complex and it’s essential to tailor the right loan to suit the needs of the trustee. We have seen a marked increase over the past 12 months in adviser and trustee enquiry rates around gearing into SMSF, but there remains confusion around the process and what needs to take place in order to complete the purchase smoothly…..this solution fills the void”.

James Williamson, Director of Millhaven Financial Services believes it is the solution he and his team have been waiting for. “Many advisers and trustees are concerned by the complexity involved in heading down the path of SMSF Gearing. Mulitport’s expertise in administering these accounts and managing the process has produced a competitive and comprehensive solution.”

For more information contact:
John McIlroy, Multiport (02) 9230 0177