A new app launched last Friday is giving users the ability to easily establish as SMSF online and review and change their portfolio at any time.

The app, ‘Superstash’, is backed by investment managers, Elston, Superfund Partners and SMSF providers and is the first of its kind to launch in Australia and the latest contribution to home-grown fintech innovation.

Superstash is currently in beta release for iOS and will launch an Android app later in the year. Head of SMSF for Superstash, Kris Kitto, said that the development of the app is a change for Australians to take charge of their retirement savings in a new way.

“There is a lot of talk around the next generation to retire being disengaged with their super. What we see is that the industry hasn’t given them a platform to be engaged with,” he said.

“The goal is to streamline the SMSF process so it’s seamless, but also to offer a robo advice solution backed by experienced partners to guarantee investor security, trust and confidence.”