The major attraction of a DIY (do it yourself) fund is that you become your own fund manager, making all the investment and administration decisions. This provides you with the freedom to design an investment strategy that is appropriate to your needs.

You can select from a very broad range of investment options including shares, property, cash, fixed interest investments as well as the full range of managed investment products.

Selwyn Favish has been accredited by the Self Managed Super Fund Association of Australia Limited. The SMSF Professionals' Association of Australia Limited ("SPAA") represents professional advisors who provide advice in the highly complex area of SMSFs advice. SPAA is committed to raising industry standards and looking after the needs of SMSF professionals across Australia regardless of their other professional affiliations or memberships.

The Role of SPAA

More than $300 billion worth of assets reside in Australia’s SMSFs or approximately 33% of the total superannuation pool of assets. Since 1994, the SMSF industry has grown at a compound rate of 25% each year.  Approximately 2,000 new SMSFs are set up every month with the current average member balance standing at $290,000.

Because there is no formal requirement to be a licensed SMSF advisor, there has been a dramatic expansion in the number of people – both professionals and non-professionals – providing advice and recommending SMSFs to clients.

This means any person may claim to be an SMSF advisor, irrespective of whether they have had any formal training in the field. As such, there have been strong calls from industry participants for a body to self-regulate the area.

SPAA has answered the call.....

Not only does the association offer vital services to SMSF professionals at a time of significant industry reform, but it also oversees a stringent accreditation process through which advisors are endorsed as specialists in their field.

Through constant support, ongoing education and advice, SPAA members will ensure their competency in this highly specialised field. As a result, we expect consumers to seek SPAA members who are, SMSF Specialist Advisors® as their SMSF advisor of choice, recognising the SPAA designation as a symbol of authority and expertise.