Praemium Signs First Portfolio Administration Client

Praemium has announced that it has signed Perth based financial planning and investment manager Merchant Group as the first client for its new administration service.

This new service allows financial planning practices to outsource the administration of their client portfolios to Praemium, freeing up advisers from the time-consuming tasks associated with managing clients’ investment portfolios. This standalone service is an extension of the Praemium Portfolio service (formerly V-Wrap), which offers first-class reporting, performance analysis and a digital client portal; it can also be combined with the Praemium SMA for professional investment management and reporting. This new offering empowers advisers to serve their clients’ administration and investment needs from a single platform.

The agreement with Merchant Group will include the administration for their clients’ personal and SMSF investments. Merchant Group Director Andrew Chapman commented, “Praemium’s market-leading platform technology and reporting was a natural choice for our business. To be able to manage all our clients on one platform and outsource our administration creates significant cost and time savings, which frees us up to focus on value-added services for our clients.”


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