Managing your own super comes with a lot of responsibility and involves significant time and effort. A self-managed super fund (SMSF) might be suitable if you have a lot of super and extensive knowledge of financial and legal matters.
A professional who is licensed to provide SMSF advice can help you weigh up the pros and cons of running an SMSF and help you decide whether it's right for you. They may also be able to help with the administration and investment decisions for your SMSF. But remember, you cannot pass on the responsibility of being a trustee or director, so you must understand what your adviser is doing.
SMSF advice comes in many forms. For example, you might use a financial adviser or broker for investment advice and an accountant for the financial management of the fund.
SMSF advisers must be licensed to provide this type of advice. You can check by searching for their name on ASIC's financial advisers register, so its important to find out your advice here.