Welcome to the Mclowd Newsletter, our monthly communication to Trustee Users, Marketplace Professionals and Partners.

Introduction

As we approach financial year-end Mclowd has seen User numbers jump by 20% in just the last few weeks.

We’re also pleased to see an increase in the rate of Sign Up within the new Mclowd Marketplace, with Trustees now able to access a range of low cost professional services including Accounting, Audit, Tax, Financial Planning and general SMSF Administration.

The Platform

With more than $50m in funds under management and a User base growing at 20% per month, our newly-empowered Mclowd SMSF Trustees have become the fastest-growing asset manager in Australia (reflecting the dramatically lower cost structure offered by Mclowd).

The wider Australian SMSF Trustee Community is quickly finding that it’s no longer necessary to pay millions of $$ in licence fees each year to options such as BGL, Class and their peers. Mclowd puts the power back in the hands of SMSF Trustees.

We are on track to release version 1.2 of the Platform on 30 July and the Advisory Board continues to process the feedback being received from the User Community.

Analytics @ Mclowd

Growth in use of the Platform also means we can start to develop peer-to-peer analytics which will allow SMSF Trustees to gain (anonymised) visibility to the investment performance of their peers.

While Mclowd is doing everything it can to reduce the costs of administration, leveraging the collective investment knowledge of 500,000 Trustees represents an enormous opportunity to improve the average returns on more than $400 billion in assets.

The Marketplace

The capital efficiency of the Platform is now being mirrored by the service providers in the Marketplace.

Without an expensive office, managing partners and all of the other overheads of traditional professional services models, the resources in the Marketplace can deliver accounting and tax compliance and other services at a fraction of the cost and without any compromise as to the quality of outcome.

As mentioned the Marketplace now includes qualified professionals across the following categories:

  • Accounting
  • Audit
  • Registered Tax Agents
  • Tax Preparation
  • Financial Planning
  • Risk Advisory
  • SMSF Administration
  • Bookkeeping

Registration is quick and easy, so if you’re an SMSF Trustee jump on now and start saving money on the preparation of your FY13 SMSF return.

If you’re a service provider click here to start promoting your services to the rapidly growing Mclowd User Community.

But the Marketplace is not just for SMSF Trustees, over time it will become the go-to source for professional service providers across the funds management industry globally.

Thanks again for your continued support of our efforts to improve net returns for investors.

Kind Regards

Ashley Porter
Managing Director
Mclowd Pty Ltd