Welcome to the Mclowd Trustee User Update.
Introduction
At its peak the annual growth rate of the SMSF industry (as measured by net fund establishment) was in excess of 10%. But as this chart illustrates, that growth has retreated steadily in recent years, and is now in the low single digits.
That metric illustrates the challenges involved in creating tax advantages in a low-yield environment, and hence the need to keep a tight rein on costs.
Technical Support
Trustee users are reminded that online technical support is now included in the Pro version (while Free Forever users will continue to pay $20 per ticket).
Based on user feedback we are also investigating the provision of onshore telephone support but this will need to be subject to suitable commercial arrangements, in order to cover the associated costs.
Introductory Webinar
Our next Introductory Webinar is scheduled for Wednesday May 26th at 12:30pm AEST.
Along with detailed guidance as to the current functionality and recent deployments, attendees will be taken through the work we are doing with respect to:
- Corporate actions and asset cost history
- Machine learning (as a vehicle for delivering improved automation)
Recent Deliverables
March quarter Release Notes are available on the website.
Conclusion
Hundreds of Trustees rely on Mclowd to provide a platform for managing their SMSF (and the dormant base runs into the thousands).
The Mclowd Team and I will continue to seek out and deliver lower cost technology outcomes for the benefit of both our active clients as well as prospective users.
Regards
Ashley Porter
Managing Director
Mclowd Group Pty Ltd