My financial adviser has recently recommended that we transfer my SMSF administration across to the Netwealth Super Wrap platform.
Based on my research it looks pretty good but I was wondering if you have had any experience with it?
A: Thanks for the question.
I don't have any personal experience of the Netwealth Platform and haven't heard anything negative about it.
That said, I am not a huge fan of platforms - so make sure that for the fees you pay, you get some real benefit.
Unfortunately, some advisers recommend platforms because it makes their lives easier - rather than doing much for their clients.
Particular traps to watch - how easy is to exit (costs, can you do an inspecie transfer out), brokerage costs, corporate action costs, interest rate on any default cash account, etc.
