Praemium joins up with InvestmentLink
PraemiumPortfolio Services has strucka deal with InvestmentLink to offer advisersconsolidated reporting and online transactions across all platforms and fund managers.
The deal, which is aiming to provideadvisers with seamless portfolio management services, will be integrated with adviser hub service e-Portfolio to deliver anenhanced wrap offering.
“InvestmentLink’s e-Portfolio will enableour software to gather client data and electronically execute managed fund orderswith any provider,”Praemium managingdirector Arthur Naoumidis says.
According to InvestmentLink chief executive Peter Philip, the agreement providesadvisers with a technology-based solutionfor reporting and transacting with multiplemanagers and platforms.
“This solution gives advisers the ultimatefreedom to choose the platforms and products that suit their clients best,”Philip says.
The deal followsCredit Suisse AssetManagement (CSAM) andIWL announcing plans to create automated transactionsfor advisers.
Praemium struck a deal with market dataservices group Paritech back in October tobolster its market position in light of growing competition in the portfolio servicesarena. At the time, Naoumidis said the movewas predominantly to counter sharemarketinformation system provider Iress’push intothe area following the latter’s acquisition ofXplan Technologies in March 2003.
As for InvestmentLink, the hub providerrecently enhanced e-Portfolio to now offerconsolidated data for 13 platforms and fundmanagers after addingPerpetual ’s WealthFocus platform to its line-up.
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