According to BT, the new capabilities will also help advisers and accountants to collaborate, enable them to establish individual or corporate trustees, help clients invest their super, assist with the administration of the fund and keep the fund compliant.

Accountants and advisers can choose one or two services or an end-to-end solution to manage SMSFs.

BT Financial Group head of SMSF Craig Lawrenson said the platform will provide the accountant and adviser with a place to work together, and give them shared access to information in order to support the client.

“We’re making this process much easier, so SMSF professionals can have more time to focus on the SMSF strategies and investments that are important to their clients,” Mr Lawrenson said.

This announcement comes after Mr Lawrenson's comments last month, where he said he has a “very clear mandate” to broaden the relationship Westpac has with its existing SMSF clients.

“I’m extremely excited by the opportunity of driving the SMSF business for BT and leveraging our strong history on the investment administration side [as well as] all our strong relationships with advisers,” Mr Lawrenson said.

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