Praemium boosts portfolio tools

Arthur Naoumidis

Portfolio administration provider Praemium has upgraded its market data service p-Desktop to include order management and portfolio review tools.

Praemium Group chief executive officer Arthur Naoumidis said the incorporation of adviser tools and trading capability into p-Desktop provides a comprehensive offering for full service brokers.

“The combination of market data, portfolio review tools and order management is a powerful tool for advisers, enabling them to proactively advise clients in a real-time environment and provide comprehensive Statements of Advice,” Naoumidis said.

According to Naoumidis, the new portfolio review tools enable advisers to use p-Desktop to analyse a client’s portfolio and place the recommended trades directly via p-Desktop.

Advisers can also place trades via the order management system, which routes orders directly to the ASX or via a participating broker.

Full service broker Evans & Partners is the first to take up the extended system and is currently rolling it out to its 15 advisers.

David Evans, founder of Evan & Partners, said p-Desktop’s ability to be tailored to their requirements was its greatest strength.

“Our advisers can now conduct portfolio reviews, inclusive of clients’ tax reporting, manage client trades and maintain records of advice from the same platform that delivers our market data and client portfolios,” Evans said.

“From a compliance perspective, we believe the tools being developed will streamline the corporate disclosure process and enhance the consistency of advice delivered by our experienced team.”