Praemium confirms integration strategy
Specialist financial services provider Praemium has confirmed to the Australian Securities Exchange (ASX) today that it intends integrating its three key products to build a complete wealth management solution.
The company's ASX announcement said it intended integrating WealthCraft's financial planning tools, the company's Separately Managed Account (SMA) platform and its enhanced portfolio administration software, V-Wrap.
Praemium chief executive Michael Ohanessian said the move represented a key strategy for the company, which had reported positive cashflows for six of the last eight quarters.
"We now have the building blocks in place for growth and are continuing to expand our offering to deliver a truly scalable business," he said.
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