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Asgard extends SMSF gearing to eWrap

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Asgard Wealth Solutions has launched a new gearing capability with eWrap platform investments for self-managed superannuation fund (SMSF) members.

The new facility is a non-recourse loan with a loan-to-value ratio of 50 per cent.

No personal guarantees are required for the product and SMSF trustees have the option of investing in most funds available on the eWrap platform.

Unlike instalment warrants, the gearing facility has no set time frame over which the loan has to be repaid and SMSF members can enter and exit the facility at any time.

"It's not a contracted term; it's a strategy that's monitored over a period of time," Securitor authorised representative John Strong said.

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The initiative was deliberately offered solely to SMSFs, Asgard head Wayne Wilson said.

"We find that investors in SMSFs tend to take a more robust and detailed view of managing their super. They are less likely to put their investment into a managed fund and let it sit idly," Wilson said.

The new capability is an extension of Asgard's existing SMSF gearing offering launched in June last year to enable the purchase of residential and commercial property.