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Tradebridge360 SMSF?

Discussion in 'Superannuation, SMSF & Personal Insurance' started by ablewilling, 20th Nov, 2012.

  1. ablewilling

    ablewilling New Member

    Joined:
    4th Feb, 2008
    Posts:
    2
    Location:
    Gold Coast
    Hi there

    Has anyone had any experience in setting up a SMSF with Tradebridge360?

    What they tell me over the phone all sounds good, but I do have only around $11,500 in my Sunsuper fund.
    Their idea is to rollover my Sunsuper funds into my own SMSF (setup costs etc. taken from that $11,500) then I purchase an "Options selection program" which will then advise which options on the ASX to be purchased/sold and they say they can give me a 60% return after all costs.
    All costs include Auditing, accounting, purchase of Options program.

    Is this one of those "Sounds too good to be true" type of programs?

    Any advice would be most welcome. Thanking you in advance.

    Ablewilling
     
  2. jeffery85

    jeffery85 Active Member

    Joined:
    20th Jul, 2012
    Posts:
    29
    Location:
    canberra
    Save your money don't take on that head ache just yet for that little amount of money. Someone is just trying to sell you something without looking at if its in your best interest i think. (i could be wrong and i hope i am).

    Look at a Semi Managed Fund e.g. Australian super platform you can buy and sell shares just like buying and selling them yourself in real life.

    You can access there advise services and research platforms for free or a limited fee.

    You can participate if dividend reinvestments

    All trustee & reporting responsibilities are maintained and you have the same controls just about as a SMSF

    anyway just my thoughts but lets face it the money you are going too pay setting this up is better invested on the ASX in your interests rather then it used on administration outlays.

    Cheers

    Jeffery
     
  3. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    653
    Location:
    Sydney
    Good gawd. Only $11,500 in super and they are suggesting a SMSF?

    What are the set up costs? yearly running costs amount to about $2,000. That would be 20% of the fund.

    ASIC should hear about this. ASIC have been complaining about people with $150,000 in super being talked into SMSFs.
     
  4. ablewilling

    ablewilling New Member

    Joined:
    4th Feb, 2008
    Posts:
    2
    Location:
    Gold Coast
    Hi guys and thanks for your responses.

    I rang ASIC, but they told me I need to speak to APRA. I then ring APRA and they told me I should report it to the ATO.

    It seems I got the wrong people to speak to, as the only one who showed any sympathy at all was the one from APRA. The others just showed typical public service attitudes. I know they are not all like that, I just got the wrong ones this time.

    But, Tradebridge360 did get me thinking. I have not mentioned to you guys that I am at the ripe old age of (nearly) 58, and that paltry sum I have in my super is not going to do me much good at all.

    So I will take a closer look at Australian Super, and also look into SMSF's like eSuper. Lets face it, I have got to do something,,,,,,,,,,LOL.

    Thanks again good peoples.

    Ablewilling
     
  5. moderatortb360

    moderatortb360 New Member

    Joined:
    17th Feb, 2013
    Posts:
    4
    Location:
    Bundall Qld
    Hi Ablewilling,

    Just to clarify for you and the other forum members to dispel any misunderstanding.
    You are legally entitled to setup a SMSF with any reasonable amount.
    Yes the setup costs can be reimbursed from your new SMSF.
    With an amount of $11,500 it would be far better for you to consider ( if you can arrange, eg close family and relatives for example) up to another 3 members (total of 4 at the moment) to add their super individual super amounts to the SMSF that you are considering setting up, thus creating a larger fund to absorb the ongoing yearly investment advisory, tax and audit fees. Note that these fees will apply regardless of who sets up and administers the SMSF for you. The experienced team at Tradebridge360 can arrange very competitive fees and special offer packages for clients.
    Also all the members of the SMSF who are working should get tax advice and consider salary sacrificing to reduce their taxable income and contribute more regularly amounts ( currently taxed at only 15%) towards the new SMSF. so you can see the huge benefits of a SMSF when you have a few members rolling over their current industry funds and contributing more from their salary each month ! The SMSF quickly becomes a sizeable fund for Trustees to manage. The objective is to beat the fund managers, who have not performed in the past 3 years, although they still take out fees... Also you need to stay ahead of inflation and plan for your retirement so you have enough funds to support you and your family to give you a quality standard of living.

    "The NON directional Options Autotrading Platform" is Tradebridge360 proprietary, cutting edge strategy and autotrading facility that allows investors to take advantage of any market direction - in bullish, bearish, volatile or neutral market conditions using institutional style Options trading strategies like an Iron Condor. Tradebridge360 administers this and has a special offer for new clients - we need to make twice the platform fee in 12 months or we will autotrade the strategies for the client until is is achieved. The client can start with any amount, but $10,000 is the minimum. Unlike Industry Fund managers who take an upfront (MER fee) and a 20% performance fee, Tradebridge360 does not take a performance fee, clients keep all the profits! We just charge a modest prepaid up front fee that works out to be around $125/week or $500/month to cover the account setup to trade the strategy, the auto trading account optimisation, trading by a real professional trader, weekly account review, email confirmation of each trade, unlimited support and includes the TB360 Options Mastery Homestudy 8 DVD and 2 Manuals (100 pages and 300 pages) Education Pack to allow clients to become educated about using our Options strategies as an investment and how to implement 100 of the best Options strategies for any market condition. The ATO advocates Trustees of SMSF to become educated in investments and this course ( we have many different courses, for Stocks and Forex also etc) teaches them all they will ever need to know about Options and how to trade and invest using them.

    We believe our fees are very modest compared to the other advisers when you actually compare the same service we offer. For your information Tradebridge360 specialises in bridging top traders with investors, globally and provides you with the power to prosper. Also included is trading in property and real estate and we can can show you how to achieve 18% per annum return, pay no stamp duty and have government backed tenants to underpin the monthly rental income - perfect for SMSF's.

    Finally, diversification is the key to successful long term performance and backing asset classes that have the fundamentals to outperform the general herd market and traditional fund managers.

    Please feel free to post any other questions you may have and we will attempt to answer them promptly and accurately for you.

    Best Regards
    Moderator
    Tradebridge360
     
  6. moderatortb360

    moderatortb360 New Member

    Joined:
    17th Feb, 2013
    Posts:
    4
    Location:
    Bundall Qld

    Hi Terry... please see this previous reply/ post to help clarify your Query / Concern ..

    Thanks
    TB360 Moderator

    Just to clarify for you and the other forum members to dispel any misunderstanding.

    You are legally entitled to setup a SMSF with any reasonable amount.
    Yes the setup costs can be reimbursed from your new SMSF.
    With an amount of $11,500 it would be far better to consider ( if you can arrange, eg close family and relatives for example) up to another 3 members (total of 4 at the moment) to add their super individual super amounts to the SMSF that you are considering setting up, thus creating a larger fund to absorb the ongoing yearly investment advisory, tax and audit fees. Note that these fees will apply regardless of who sets up and administers the SMSF for you. The experienced team at Tradebridge360 can arrange very competitive fees and special offer packages for clients. EG $1499 Inc GST yearly fee for a tax accounts preparation and lodgement and the audit by qualified practitioners.

    Also all the members of the SMSF who are working should get tax advice and consider salary sacrificing to reduce their taxable income and contribute more regularly amounts ( currently taxed at only 15%) towards the new SMSF. so you can see the huge benefits of a SMSF when you have a few members rolling over their current industry funds and contributing more from their salary each month ! The SMSF quickly becomes a sizeable fund for Trustees to manage.

    The objective is to beat the fund managers, who have not performed in the past 3 years, although they still take out fees... Also you need to stay ahead of inflation and plan for your retirement so you have enough funds to support you and your family to give you a quality standard of living.

    "The NON directional Options Autotrading Platform" is Tradebridge360 proprietary, cutting edge strategy and autotrading facility that allows investors to take advantage of any market direction - in bullish, bearish, volatile or neutral market conditions using institutional style Options trading strategies like an Iron Condor. Tradebridge360 administers this and has a special offer for new clients - we need to make twice the platform fee in 12 months or we will autotrade the strategies for the client until is is achieved. The client can start with any amount, but $10,000 is the minimum. Unlike Industry Fund managers who take an upfront (MER fee) and a 20% performance fee, Tradebridge360 does not take a performance fee, clients keep all the profits! We just charge a modest, prepaid, tax deductible up front fee that works out to be around $125/week or $500/month to cover the account setup to trade the strategy, the auto trading account optimisation, trading by a real professional trader, weekly account review, email confirmation of each trade, unlimited support and includes the TB360 Options Mastery Homestudy 8 DVD and 2 Manuals (100 pages and 300 pages) Education Pack to allow clients to become educated about using our Options strategies as an investment and how to implement 100 of the best Options strategies for any market condition. The ATO advocates Trustees of SMSF to become educated in investments and this course ( we have many different courses, for Stocks and Forex also etc) teaches them all they will ever need to know about Options and how to trade and invest using them.

    We believe our fees are very modest compared to the other advisers when you actually compare the same service we offer. For your information Tradebridge360 specialises in bridging top traders with investors, globally and provides you with the power to prosper. Also included is trading in property and real estate and we can can show you how to achieve 18% per annum return, pay no stamp duty and have government backed tenants to underpin the monthly rental income - perfect for SMSF's.

    Finally, diversification is the key to successful long term performance and backing asset classes that have the fundamentals to outperform the general herd market and traditional fund managers.

    Please feel free to post any other questions you may have and we will attempt to answer them promptly and accurately for you.

    Best Regards
    Moderator
    Tradebridge360
    This has been posted for information and education purposes only.
     
  7. moderatortb360

    moderatortb360 New Member

    Joined:
    17th Feb, 2013
    Posts:
    4
    Location:
    Bundall Qld
    {removed quote of deleted post}

    Hi Ironman,

    Just to clarify your query...

    The client decides to setup the SMSF, we are administrators and investment advisors. Like all other advisers and administrators we charge fees to ensure the professional services can be provided to the client.

    For your information, the yearly costs are very very competitive compared to others.. for example just $1499 Inc GST - NO hidden costs, for the preparation of the SMSF accounts, lodgement of the return with the ATO and the mandatory yearly independent audit.

    The other comments you have made are inaccurate.

    For your information Tradebridge360 specialises in bridging top traders with investors, globally and provides you with the power to prosper.

    Finally, diversification is the key to successful long term performance and backing asset classes that have the fundamentals to outperform the general herd market and traditional fund managers.

    Please feel free to post any other questions you may have and we will attempt to answer them promptly and accurately for you.

    Best Regards

    Moderator
    Tradebridge360
     
    Last edited by a moderator: 5th Mar, 2013
  8. Andrew Newman

    Andrew Newman Well-Known Member

    Joined:
    5th Nov, 2008
    Posts:
    175
    Location:
    Melbourne
    Hi Moderator

    I agree with Terry about setting up a SMSF with only $11,500.

    Can you please provide some typical returns from actual client accounts and then compare these returns to say cash and Australian shares over the same period?

    That fee works out to be about $6,000 upfront? Is this modest?

    Can you please summarise your initial and ongoing fees for all to see?

    Kind Regards
     
  9. skl

    skl New Member

    Joined:
    18th Jun, 2013
    Posts:
    1
    Location:
    Queensland
    Hi Andrew,

    Did you get a reply to your last post from Tradebridge 360. Maybe they have something to hide and therefore did not reply. I only ask because they have been in contact and it sounds like something to consider if they are a solid legal business.
     
  10. Andrew Newman

    Andrew Newman Well-Known Member

    Joined:
    5th Nov, 2008
    Posts:
    175
    Location:
    Melbourne
    Hi skl

    No reply to my last post about what the initial and ongoing fees are.

    Why not consider investing like Warren Buffet.

    Kind Regards
     
  11. ben_efactor

    ben_efactor New Member

    Joined:
    26th Oct, 2013
    Posts:
    1
    Location:
    Japan
    Some info about Tradebridge360. The guy who manages the company in Bundall QLD is called Dominic Luvara, search "Dominic Luvara+ASIC" in Google. He also calls himself Dom Byron when speaking with customers and prospects. People can make their own opinion after reading the information that's available in the public domain.
     
  12. redwood

    redwood Member

    Joined:
    9th Nov, 2013
    Posts:
    14
    Location:
    Melbourne
    Hi there,

    Not sure if you have proceeded, however, with $11,600 to start an SMSF, you would want to be sure about what your strategy is as well as the costs for the first year. For example, if you set up a fund with individual trustees, is the set up free? if the structure is a corporate trustee the cost is at least $500 (ASIC costs are just under $500), and then consider the admin and compliance costs of the fund. For example, my company charges $1080 a year (link to web in my signature), so you are looking at 10% of your fund value in compliance costs plus the $200 ATO levy.

    I believe it would be prudent to be patient, ensure you understand your obligations as a trustee of a fund, and consider the structure. Once done be sure to document your investment strategy and go ahead!

    I have not dealt with Tradebridge and therefore will not comment on them however, check ASIC and also a check of linkedin.
     
  13. garybowen

    garybowen New Member

    Joined:
    13th May, 2014
    Posts:
    3
    Location:
    QLD
    Tradebridge360 is a complete scam!! Beware!!

    Hi community,

    I used to work at Tradebridge360. These guys are as corrupt as you can ever get!! They are a complete out and out scam as I know this from over 20 people that invested with the company and have lost thousands of dollars!

    They will try and convince you to buy trading platforms and send you convincing emails that it is all legitimate, but the fact is none of their 500+ past clients never ever made a cent from them.

    The owner/director told us all that his name was Dominic Byron, when in fact it is really Dominic Luvara and he is a crook. Simply Google his name and you'll get a plethora of info on the money he owes through corruption and he is still banned for years from directing an investment company. His right hand man is Adrian Coronno who is also a crook and used to work for the highly corrupt 21st Century Investment Group scams.

    DO NOT INVEST WITH THIS COMPANY NOR SETUP A SELF MANAGED SUPER FUND WITH THEM AS YOU'LL LOSE ALL OF YOUR PRECIOUS DOLLARS!!!
     
  14. garybowen

    garybowen New Member

    Joined:
    13th May, 2014
    Posts:
    3
    Location:
    QLD
    Hi community,

    DO NOT INVEST WITH THIS COMPANY NOR SETUP A SELF MANAGED SUPER FUND WITH THEM AS YOU'LL LOSE ALL OF YOUR PRECIOUS DOLLARS!!!

    I used to work at Tradebridge360. These guys are as corrupt as you can ever get!! They are a complete out and out scam as I know this from over 20 people that invested with the company and have lost thousands of dollars!

    They will try and convince you to buy trading platforms and send you convincing emails that it is all legitimate, but the fact is none of their 500+ past clients never ever made a cent from them.

    The owner/director told us all that his name was Dominic Byron, when in fact it is really Dominic Luvara and he is a crook. Simply Google his name and you'll get a plethora of info on the money he owes through corruption and he is still banned for years from directing an investment company. His right hand man is Adrian Coronno who is also a crook and used to work for the highly corrupt 21st Century Investment Group scams.

    DO NOT INVEST WITH THIS COMPANY NOR SETUP A SELF MANAGED SUPER FUND WITH THEM AS YOU'LL LOSE ALL OF YOUR PRECIOUS DOLLARS!!!
     
  15. garybowen

    garybowen New Member

    Joined:
    13th May, 2014
    Posts:
    3
    Location:
    QLD
    Hi community,

    DO NOT INVEST WITH THIS COMPANY NOR SETUP A SELF MANAGED SUPER FUND WITH THEM AS YOU'LL LOSE ALL OF YOUR PRECIOUS DOLLARS!!!

    I used to work at Tradebridge360. These guys are as corrupt as you can ever get!! They are a complete out and out scam as I know this from over 20 people that invested with the company and have lost thousands of dollars!

    They will try and convince you to buy trading platforms and send you convincing emails that it is all legitimate, but the fact is none of their 500+ past clients never ever made a cent from them.

    The owner/director told us all that his name was Dominic Byron, when in fact it is really Dominic Luvara and he is a crook. Simply Google his name and you'll get a plethora of info on the money he owes through corruption and he is still banned for years from directing an investment company. His right hand man is Adrian Coronno who is also a crook and used to work for the highly corrupt 21st Century Investment Group scams.

    DO NOT INVEST WITH THIS COMPANY NOR SETUP A SELF MANAGED SUPER FUND WITH THEM AS YOU'LL LOSE ALL OF YOUR PRECIOUS DOLLARS!!!
     
  16. The Claw

    The Claw New Member

    Joined:
    6th Feb, 2016
    Posts:
    1
    Location:
    Sydney
    It looks like the final chapter on Tradebridge 360 has closed.
    The market has spoken and Tradebridge 360's iron condor don't fly. The company has been wound up.

    NOTICE OF DEEMED SPECIAL RESOLUTION TO WIND UP A COMPANY
    Company: Tradebridge 360 Pty Ltd
    https://insolvencynotices.asic.gov....48222431/76427ec7-24de-4627-990e-2fecaf62e34a

    NOTICE OF SECOND MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION
    Company: Tradebridge 360 Pty Ltd
    https://insolvencynotices.asic.gov....48222431/8adae755-9608-4e80-8926-92dc23ffdad4

    No more pushy telemarketing calls. No more ordinary punters losing money to this scam. Good riddance Tradebridge 360.