Praemium technology finds Citigroup adviser
Broking firm Citigroup Wealth Advisers is the latest firm to sign up for Praemium Portfolio Services portfolio reporting technology.
The deal involves Praemium providing the technology for Citigroup’s latest product CapitalPlus Enhanced.
This product is a comprehensive reporting system with features such as portfolio and capital gains tax position reconstruction, daily activity reporting and the ability to record unlisted assets in the system.
Praemium managing director Arthur Naoumidis said signing up Citigroup’s advisers was a milestone for the company.
“Securing one of Australia’s leading brokerage firms is a milestone and further cements Praemium as the service provider of choice for advanced portfolio administration,” he said.
Citigroup Wealth Management head of investments Andrew Bird said:“Advancement in portfolio reporting is essential as investors become more sophisticated and more demanding.”
The Praemium reporting service is supported by a CGT and corporate action reporting engine which provides tax and investment performance data across all asset classes and alternative investments.
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