Stockspot welcomes first-ever super product

Patrick Buncsi

21 November 2024

Digital investment platform and robo advisory firm Stockspot has launched its first-ever ‘ETF-only’ superannuation product, co-built with wealthtech developer DASH.

Christened ‘Stockspot Super’, the new product – first announced in May this year – promises a “transparent… flexible, low-cost” and less complex alternative to a self-managed super fund, says Stockspot founder and chief executive Chris Brycki.

“Stockspot Super is designed to empower Australians with a clear and easy-to-understand path to grow their retirement savings,” he said.

Uniquely, the vehicle invests exclusively in exchange traded funds (ETFs).

These investments, according to Stockspot, are tailored based on each member’s age and risk capacity, and valued on each market day.

Stockspot Super is offered as a managed discretionary account (MDA) service under DASH’s personal superannuation accounts platform Super Simplifier, which promises greater client customisation of investment strategies backed by adviser guidance.

DASH chief executive Andrew Whelan said the firm’s “technology and experience in managing adviser-directed funds with Super Simplifier will deliver for Stockspot Super the “transparency, flexibility, and control that investors expect today”.

Among Stockspot Super’s features include automated daily rebalancing, embedded digital investment advice, and the provision of personalised Statements of Advice (SOA) that outline users’ investment strategy.

Stockspot Super users are also promised “full visibility into all underlying investments and daily performance reporting”.

Portfolios offer a diversified mix of growth and defensive ETF assets, covering investments in Australian shares, global shares, bonds, and commodities. Uniquely, and following Stockspot’s broader investment model, a portion of investors’ portfolio is also, uniquely, allocated to gold – which Stockspot notes has delivered outperformance for its existing non-super products line-up.

The fund also boasts tax benefits similar to SMSFs, according to the firm, with tax calculated at the individual portfolio level, therefore avoiding pooled tax liabilities.

Brycki added: “Our evidence-based investment approach supports long-term growth with balanced risk and reward, enhancing clients’ confidence in their superannuation journey.

“By partnering with DASH, we can offer Australians a superannuation product that is transparent, flexible, and tax-efficient.”