Praemium scores new client
Newly launched investment advisory firm Evans & Partners has selected Praemium to provide it with front and back-office support services.
Based in Melbourne, Evans & Partners is being established by David Evans, the former head of retail and institutional broking at Goldman Sachs JBWere, and will commence operations this Wednesday.
Praemium will supply its market data system p-Desktop and its proprietary online portfolio administration service V-Wrap to the new business.
Evans said the tight integration between the two support systems made Praemium an easy choice, adding that “with the advantage of starting with a clean sheet, we were able to select an IT package that would provide market leading technology, reliability and reporting”.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.