It also helps clients learn about the key responsibilities and issues associated with becoming an SMSF trustee, said Ignition Wealth.

Through the tool, Ignition Wealth noted clients complete a fact find and are then guided through a “learning centre where they engage with information about SMSFs and trustees at their own pace”.

Investors then meet with an online adviser from Ignition Wealth and receive an SOA together with a recommendation.

Ignition Wealth head of sales and marketing Richard Liverpool said post FOFA, ASIC has increased scrutiny in this area and accountants have been seeking a compliant solution for their clients seeking SMSF appropriateness guidance.

“Ignition Wealth offers them a full-service solution, and allows them to retain the client within their business,” he said.