Month: December 2021
Breakfast with Hamish Douglass, Founder Magellan Financial Group
We hosted Magellan Financial Group Founder Hamish Douglass for breakfast recently which was extremely insightful and well received by all those who attended. Hamish took some of his valuable time out to provide a broad ranging discussion from how he started the Magellan business to a fantastic update and overview of his views on the current challenges that are facing the investment world and his investment portfolio positioning.
Monthly Musings
In this latest update we will:
- look at the market movements for the month of November,
- release Episode 15 of our short video series 3 Minute Tech where we will continue our coverage of succession planning whether it be in business, farming or family,
- use our Focal Point section to highlight considerations around operating an SMSF with up to 6 members,
- provide a short video insight into one of our experienced Private Wealth Advisers, Brad Gordon, and,
- suggest a good podcast to listen to and an interesting book to read.
Self-managed Super Funds (SMSF)
As a result of changes in legislation, self-managed super funds (SMSFs) are now able to have up to six members. Previously, the maximum number of members was limited to four. This may increase the popularity of the concept of the ‘family super fund’ – where parents allow their adult children to become members of the fund. However, whilst this may seem like an attractive strategy, it is not without its complications.