James Gerrard, The Australian. There is an ocean of SMSF set-up providers who offer differing levels of service. The question is whether you should stick with your usual accountant or do you go down the path of a low-cost online SMSF set-up provider.
Self-directed people aren’t the only ones using online SMSF providers. Many traditional accounting firms and financial planning groups also outsource SMSF set-ups because it can be more cost-effective than doing it themselves in-house.
Warning bells may ring for some if it seems too cheap and easy. One thing both traditional accountants and online providers agree on is that financial advice is a must. Savings a few dollars now by skimping on good advisers may cost you dearly later.
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