UK firms warm to SMARTfund
Australian portfolio administration service provider Praemium has strengthened its presence in the UK market by signing up three UK financial planning firms to its SMARTfund offering.
The firms — Foster Denovo, Informed Financial Planning and Radcliffe & Newlands — have signed ‘letters of engagement’ with Praemium to set-up their own SMARTfunds.
SMARTfunds are a UK adaptation of separately managed accounts (SMA). Under the agreement, SMARTfunds will enable the signatory firms to launch their own branded SMARTfunds and/or to use Praemium’s own range of SMARTfunds. There are currently five risk-based fund of fund portfolios in the UK market under the SMARTfund brand.
In making the announcement, Praemium managing director Arthur Naoumidis said the three firms signing up to launch Praemium’s UK SMARTfund “demonstrates the ongoing appetite in the UK market for adviser-sponsored funds and the appeal of the unique SMARTfund structure to meet this need”.
Recommended for you
ASIC has released the results of the latest financial adviser exam, held in November 2025.
Winners have been announced for this year's ifa Excellence Awards, hosted by Money Management's sister brand ifa.
Adviser exits have reported their biggest loss since June this week, according to Padua Wealth Data, kicking off what is set to be a difficult December for the industry.
Financial advisers often find themselves taking on the dual role of adviser and business owner but a managing director has suggested this leads only to subpar outcomes.
