Many Australians lack a comprehensive understanding of how their superannuation operates, including awareness of investment performance and ongoing fees.
Given that superannuation often constitutes a substantial portion of an individual's overall wealth, it's prudent to adopt a proactive approach to its management within their investment strategy.
Proactive management involves assessing cost structures and implementing an investment strategy, potentially considering more flexible options like a Self-Managed Super Fund (SMSF) to allow for greater 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.