Duncan Wiech

Leading Managed Accounts provider Praemium is pleased to announce three new SMA partnerships, Thornton Group, Advisory Partners and Providence Wealth.

In addition to these new partnerships, Praemium has added a number of new model portfolios to the Praemium SMA. Alliance Bernstein, UBS, Nucleus, Pendal and Legg Mason have all had model portfolios added to the investment menu, including several international models. The addition of the new portfolios gives Praemium the most comprehensive range of domestic and international models within an SMA and helps to meet the growing demand from investors for globally diversified portfolios.

Praemium’s SMA has continued to grow rapidly over the last year as more advisers make the switch to managed accounts as a transformational investment solution for their business and their clients, and its SMA funds under administration have now surpassed $5.5bn.

Thornton Group’s Director, Duncan Wiech commenting on the new partnership “Having used Praemium’s reporting and administration platform technology since 2010, it was a natural step to move to their integrated managed account solution. The ability to customise investor’s portfolios, provide tailored and accurate reporting, and offer a market-leading digital experience to our advisers and investors, allows us to offer high-quality bespoke solutions for our clients.”

Praemium’s General Manager Anna Itsiopoulos commented, “We are delighted that Thornton Group, Advisory Partners and Providence Wealth have chosen to partner with us.  Our SMA provides one of the largest lists of investment options from quality investment managers and a substantial international model offering, all of which is underpinned by our market-leading managed accounts technology. This allows advisers to offer a first-class and differentiated service to their clients.”

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