Todd Wills

Dallas

Baseball Researcher at ESPN

Sales, Stewart Toyota, Corsicana. Tiger football/baseball, KAND-AM 1340. Sports Day alum. Country music diehard. Friday Night Lights. Texas Forever. Hookem.

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Articles

City property price surge to continue

Jun 3, 2024 | smstrusteenews.com.au | Todd Wills

Property prices in Australia’s largest capital cities will continue to grow over the next two years due to a shortage of housing and demand sharply outpacing supply, according to research commissioned by investment manager Capspace.
Look beyond Nvidia for AI opportunities

May 6, 2024 | smstrusteenews.com.au | Todd Wills

Investors navigating the artificial intelligence (AI) landscape should broaden their perspective beyond chip manufacturer Nvidia and explore smaller companies providing vital underlying technologies to power the tech giant’s flagship products, according to an investment manager.
SMSF fees see Macquarie fined

May 6, 2024 | smstrusteenews.com.au | Todd Wills

The Federal Court has ordered Macquarie Bank to pay $10 million in fines for failing to prevent and detect unauthorised fee transactions conducted by an adviser on his SMSF clients’ cash management accounts. The court ruled between 1 May 2016 and 15 January 2020, Macquarie failed to implement effective controls to monitor whether third-party bulk transactions under the fee authority were actually for fees.
ATO adjusts trustee communication

May 6, 2024 | smstrusteenews.com.au | Todd Wills

The ATO has made a minor change to the way it communicates with SMSF trustees in an effort to combat identity fraud and scams. “Our short message service (SMS) alerts for changes made to an SMSF used to contain a hyperlink. This has recently been removed as part of an ATO-wide project involving the removing of hyperlinks from all our SMS. This will help protect you by making it easier to distinguish between a legitimate ATO SMS and a fake SMS.
Adviser exam pass rate improves

Apr 29, 2024 | smsmagazine.com.au | Todd Wills

The pass rate for practitioners sitting the most recent financial adviser exam has improved slightly after the implementation of minor changes to improve its efficiency and delivery. New figures released by the Australian Securities and Investments Commission (ASIC) show 298 candidates sat the most recent exam in March, of which 210, or 70 per cent, passed. In comparison, 219 candidates sat the November 2023 exam, of which 145, or 66 per cent, passed.
Beware excess TBC tax trap

Apr 29, 2024 | smsmagazine.com.au | Todd Wills

A technical specialist has reminded SMSF trustees they will be subject to additional earnings tax if they happen to exceed their transfer balance cap when electing to take a pension income stream. “When you get issued an excess notice from the excess transfer balance determination from the ATO, that will include [notional] earnings,” BT Financial Group advice strategy and technical specialist Tim Howard told attendees of a webinar he hosted recently.
JP Morgan unveils global equity ETF

Apr 29, 2024 | smsmagazine.com.au | Todd Wills

JP Morgan Asset Management has launched a large-cap global equity exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), increasing its active ETF offerings in the Australian market to 12. The JPMorgan Global Select Equity Active ETF (ASX code: JGLO) is a risk-controlled research portfolio targeting 70 to 100 of the fund’s high-conviction global investment ideas, featuring significant holdings in companies such as Microsoft, Amazon, Nvidia and Apple.
Take action on excess contributions

Apr 24, 2024 | smsmagazine.com.au | Todd Wills

SMSF trustees who have made an excess concessional contribution should take swift action to withdraw it from the fund as retaining it may have significant taxation consequences, according to a technical expert. BT Financial Group advice strategy and technical specialist Tim Howard noted this situation arises from the treatment the ATO applies to concessional contributions when they have breached the respective cap limit.
Confusion over education deductions

Apr 23, 2024 | smsmagazine.com.au | Todd Wills

SMSF trustees are incorrectly claiming specific self-education expenses as fund deductions despite the ATO recently providing clarification on this area, according to a technical specialist.
Platforms add Vanguard managed funds

Apr 23, 2024 | smsmagazine.com.au | Todd Wills

Vanguard Australia has responded to growing industry demand by making its managed portfolio strategies accessible on the Hub24 and Netwealth investment platforms. In addition to the Macquarie wrap platform, advisers can now access Vanguard’s managed accounts through Hub24’s Discover, Core and Choice investment menus, as well as through Netwealth’s Accelerator Core and Accelerator Pro offerings.