JBWere renews Praemium VMA contract
Wealth manager JBWere has extended its agreement with Praemium to provide non-custodial portfolio administration and reporting software to its wealth management client portfolios for another two years.
The contract had a current annual value over $1 million.
Michael Ohanessian, Praemium chief executive, said the firm was pleased JBWere renewed the virtual managed accounts (VMA) contract.
“Our reporting is backed by the most comprehensive range of data feeds, with performance benchmarking supported by an unmatched range of market indices,” Ohanessian said.
“Furthermore, our reconstruction technology enables us to automatically handle post ex-date ATO [Australian Tax Office] tax rulings, delivering our clients accurate portfolio, performance and tax reporting under all scenarios.”
AUTHOR
Chris Dastoor
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
