{"id":1514,"date":"2023-03-28T05:17:04","date_gmt":"2023-03-28T05:17:04","guid":{"rendered":"https:\/\/actinvest.com.au\/?p=1514"},"modified":"2023-03-28T05:17:04","modified_gmt":"2023-03-28T05:17:04","slug":"more-women-take-up-smsf-as-others-look-for-advice","status":"publish","type":"post","link":"https:\/\/actinvest.com.au\/index.php\/more-women-take-up-smsf-as-others-look-for-advice\/","title":{"rendered":"More women take up SMSF as others look for advice"},"content":{"rendered":"

A new report from AUSIEX shows that in 2022, new SMSF trading accounts were relying more on advice, were increasingly female and favoured a distinct mix of asset classes, securities and sectors.<\/strong><\/p>\n

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.<\/p>\n

The report, SMSFs Under Advice, is a comparative analysis of the profile, trading activity and holdings of advised SMSF clients and looks at the composition of total and new SMSF accounts across advised and self-directed (non-advised) segments for the period of the 2022 and 2021 calendar years.<\/p>\n

It also looks at the composition of advised SMSF account holdings as at February 2023.<\/p>\n

The anaylsis showed that despite a turbulent 12 months, the total number of SMSFs across both advised and self-directed segments remained steady.<\/p>\n

The number of advised SMSFs comprised approximately 61.83 per cent of all SMSF accounts with self-directed accounts representing 32.41 per cent.<\/p>\n

However, there was a shift in the data for new SMSF accounts. \u00a0<\/p>\n

New SMSF accounts through organic acquisition only declined overall in 2022 from 2021 levels across all segments driven largely by a 30 per cent fall in new self-directed SMSF accounts, perhaps pointing to a return to more typical rates of new account creation following the enthusiasm for new SMSF accounts witnessed through the global pandemic.<\/p>\n

Advised SMSF accounts declined\u00a0 9.2 per cent suggesting that demand for advised SMSFs remained relatively resilient.<\/p>\n

Baby Boomers (accounting for new advised accounts created) fell 6.56 per cent in terms of new advised SMSF accounts, while Gen X accounts were down 7.27 per cent while advised Millennial SMSFs reversed at a higher rate of 9.3 per cent.<\/p>\n

The longer-term trend of greater interest in SMSFs among females has continued.<\/p>\n

Across all new SMSF accounts in 2022, the gender ratio (females to males) was 32.3 per cent (75.5% of total accounts were male, 24.4% female). By comparison, in 2021, the gender ratio was 28.47 per cent (77.83% were male, 22.16% were female).<\/p>\n

New advised SMSF accounts with a female primary account holder increased year-on-year from 23.07 per cent of all new advised SMSFs to 26.3 per cent; a greater percentage increase than that for self-directed SMSFs (23.57% to 24.72% in 2022).<\/p>\n

Across all segments, females now account for 21.38 per cent of new SMSF accounts created (22.16% in 2021).<\/p>\n

Looking at generation and gender together, it was female Baby Boomer and Gen X cohorts which delivered the only year-on-year growth across all generation\/gender groups, increasing three per cent and 14 per cent respectively.<\/p>\n

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By Legal<\/div>\n<\/div>\n<\/div>\n
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21 March 2023\u00a0<\/div>\n
smsfadviser.com<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A new report from AUSIEX shows that in 2022, new SMSF trading accounts were relying more on advice, were increasingly female and favoured a distinct mix of asset classes, securities and sectors.<\/strong><\/p>\n","protected":false},"author":1,"featured_media":1515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1514"}],"collection":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=1514"}],"version-history":[{"count":1,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1514\/revisions"}],"predecessor-version":[{"id":1516,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/1514\/revisions\/1516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/media\/1515"}],"wp:attachment":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=1514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=1514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=1514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}