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Portfolio Admin. - Looking, Looking.

Discussion in 'Accounting, Tax & Legal' started by pscpete, 24th Nov, 2009.

  1. pscpete

    pscpete New Member

    Joined:
    24th Nov, 2009
    Posts:
    2
    Location:
    melbourne, Vic
    I am a self managed investor with managed funds and direct shares who is looking for a portfolio admin service that can be accessed without an adviser.

    I wish to move from my wrap account which charges hefty fees for what seems to be little more than software generated reporting.

    A company called myPAS has a website but does not answer the contact numbers or return email enquirie - Does anyone have any suggestions/experience on this? Perhaps there is D.I.Y web based software for portfolio adminisration.

    I would really appreciate some feedback as I am sure there must be services out there for like minded investors but they are not widely advertised.

    Regards,
    Pete
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Exactly what are you looking for in a portfolio admin service?

    Is it the consolidated reporting you are looking for, or something else?
     
  3. pscpete

    pscpete New Member

    Joined:
    24th Nov, 2009
    Posts:
    2
    Location:
    melbourne, Vic
    Hi Sim,Thanks for the reply.

    Yes mainly just looking for the consolidated reporting quarterly and the full year tax summary. Online access also.

    I am not a prolific trader... more of a buy and hold type.
    The ease of reporting is important to me as I don't have an accounting background.

    Do you know of any firms selling D.I.Y software or full service administration accessable with no adviser?
     
  4. Rob G.

    Rob G. Well-Known Member

    Joined:
    6th Jun, 2007
    Posts:
    717
    Location:
    Melbourne, VIC
    You should look at some low cost simple packages like BGL.

    Lacking any accounting background, you should also enrol on a course by the software provider.

    Alternatively, enrol on a TAFE course on personal investment and pick the teacher's brains on the package they use and how to get the best out of it.

    Cheers,

    Rob