• Kris Kitto says:

    Great article Peter.

    We’ve definitely seen a trend over the last couple of years that more and more advisers are looking to utilise direct equities and other direct investments in place of a wrap account.

    I think what makes them successful is that they are able to work with providers (such as their direct equities / SMA / MDA providers and ourselves) and build efficient back office systems to ensure there is no heavy admin burden by working without a wrap account.

    It’s also nice to go back to clients and show how you have removed a layer of fees from their SMSF operations.

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