Consultant: Jude Burger

9 September 2013

Jude Burger is Principal Consultant of Think Act Relate, a personal and organisational assessment and development services company. She talks about her recent experience of setting up a self-managed superannuation fund.

Q: When did you set up your SMSF and why?

I set it up just recently, starting in July 2013. I chose to have a SMSF for two reasons:

  • I wanted to be able to invest in companies that aren’t traditionally available through average super funds, and
  • I wanted better financial advice.

I had never found an adviser that I liked who could look at my whole financial picture and understood the way that I wanted to invest. After exploring a few options, I chose a medium sized advisory firm (Dixon Advisory) who were the most aligned with my approach to financial management.

I wanted to have some freedom with my super funds to deliberately invest in ethical companies. I also wanted to invest in less common superannuation stocks, such as newer technology stocks and other stocks that are taking advantage of the changes the Internet and increased globalisation provides – the so called disruptive technologies across a range of industries.

 Jude advised that she did her own research online and sought advice from some superannuation companies prior to making the decision to go down the SMSF route. Once the decision was made and she decided to use an advisory firm to help, she found the process easier than she expected.

Q: What level of your time commitment is involved each month in managing your SMSF?

I don’t know yet! There is a tremendous amount of paperwork, and setting it up was several hours, but I was well managed and supported by my advisory company. After the initial set up there will be regular check-ins and I can be as hands on as I would like to be.

Q: Any advice, from your experience, that you would offer to others who thinking of going down the SMSF path?

Find a company to work with you can trust. Ask every single question you can think of. I am somewhat literate, financially, but choose not to spend my time becoming more expert. So I am happy to have hired a group of people that I trust. Every question I asked was treated with respect, they willingly engaged with my ideas and every staff member I dealt with was professional and friendly.

I had considered setting up a SMSF years ago but I had incorrectly assumed I would need to spend a lot of time managing it and therefore delayed making the move. However, once I found a good advisory firm to manage the administration and provide solid financial advice, I quickly said “Yes”.

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