Many Australians lack a comprehensive understanding of their superannuation, including investment performance and ongoing fees.
Given that superannuation often represents a significant portion of an individual’s total wealth, it's wise to adopt a proactive approach to managing this aspect of their investment strategy.
Proactive management involves assessing cost structures and implementing an investment approach, which may include considering more flexible options like Self-Managed Super Funds (SMSFs) to enhance investment versatility. SMSFs offer the opportunity to invest in assets such as direct property, which may align with certain clients' strategies. Similar to investments held outside super, developing a long-term investment strategy within super can have a transformative impact on financial well-being.