I've been with Westpac Broking for over 12 years. Apart from a burst of buying activity in 2007/08 and another burst of activity last month, this time selling (when I sold most of them at a big loss) I haven't used them much.
Undaunted, I want to start buying shares again, but this time I hope to avoid all the paperwork (and the losses, mustn't forget the losses!). I'd like all the buying, selling, dividends etc. data to seamlessly stream into the accountant's financial software. I imagine this will save on tax return fees. And I could spend more time on my chosen hobbies of bungee jumping and pole vaulting instead of the keeping and filing of documents. I'd also like to be able to monitor my investments online and from my iPhone.
This year I'm starting up an SMSF so there'll be 2 separate accounts, not just the one. Could get complicated.
Can anyone suggest a set up of bank accounts and online share trading that would do this? Would the accountant need special software to make this work?
I was thinking of BellDirect because the trading fees are cheaper and they seem to have all that electronic stuff well organised and they have a lovely website that looks professional and says nice things about their service, but is it all true? Is there something else?