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Forward Thinking Magazine : April 2011
58 ■ Drawing on different technology providers is the way Ballast Financial Management likes to organise its SMSF business. Based in Perth and with one office in South Australia, Ballast uses Praemium as its main software which then has a data feed into BGL’s SMSF compliance software, Simple Funds. It uses Macquarie’s Cash Management Account (Macquarie CMA) as its cash hub and this feeds into Praemium and BGL. Managing Director and SMSF adviser, Wayne Blazejczyk, says his clients are not looking for particularly exotic investments and as a result the business does not do ‘too much out of the box’. However The Super Group which also uses the Macquarie CMA does not restrict advisers in terms of what investments they may like to use. They say because SMSF clients like to trade direct shares, they use CSV files which are automatically loaded into the system after trades are executed. “As a consequence of that light touch constraint, it means we have to have flexible processes to accommodate,” The Super Group Director Adam Smith says. “We are always looking at what we can do with the data we have,” Marcellos says. “We are looking at ways of enhancing our performance.”