Praemium expands ESG options

praemium managed accounts ESG SMAs separately managed accounts Leah Willis

10 March 2020
| By Oksana Patron |
image
image
expand image

Managed accounts platform, Praemium, has announced the addition of the Australian Ethical Australian Shares portfolio to its separately managed accounts (SMAs) and introduction of its new environmental, social and governance (ESG) screening platform functionality.

The firm said it enhanced its approach to ESG in response to a growing investor and adviser demand by partnering with ESG research house Sustainalytics which would assist with integration of their ESG research and analysis into the platform.

This would mean that Praemium’s managed accounts platform would be able to automatically screen portfolios against nine key screening criteria such as three fossil fuel screens, alcohol, tobacco, gambling, adult entertainment, animal testing and controversial weapons.

At the same time, the addition of the Australian Ethical Australian Shares portfolio to the Praemium SMA would give investors the opportunity to access portfolios via a SMA and invest in an actively managed, diversified Australian share portfolio of companies selected for their ESG credentials.

“The growing interest in ethical investing is only likely to increase as investors look for ways to minimise their environmental footprint. This offers a real engagement opportunity for informed and well-prepared advisers to provide advice and support to help investors align their investment goals with their personal ethics,” Praemium’s head of investment managers & governance, Damian Cilmi commented.

“Praemium’s new enhancements provide advisers with a variety of options to meet the ethical considerations of their clients whether that is building bespoke custom portfolios, utilising an SMA with customised screening services or investing in specialised ESG strategies.”

Australian Ethical’s Leah Willis said: “With Australian’s increasingly wanting to know where their money is invested, our partnership with Praemium offers a fully transparent portfolio underpinned by more than 30 years of ethical investing experience.” 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

39 minutes 24 seconds ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 5 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 3 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 6 hours ago