Praemium expands SMA range with multi-asset ETFs
Praemium has added five new multi-asset separately managed accounts (SMAs) to its platform from fintech Briefcase.
Briefcase, a direct indexing platform and portfolio provider, has partnered with Praemium to launch the new SMAs for Australian retail investors.
According to the company, the model portfolios are constructed to meet a wide range of investor risk propensity and use ASX-listed ETFs to target financial advisers and family offices.
Damian Cilmi, Praemium’s head of investment managers and governance, said the firm was delighted that Briefcase was introducing its first SMAs via its platform.
“Our aim is to provide advisers and their clients with the broadest choice of high-quality investment solutions, and we are pleased to be able to offer these portfolios via our super, SMA and spectrum products,” Cilmi described.
Josh Persky, founder and CEO of Briefcase, said the SMAs are designed to address growing demand from advisers who are seeking institutional-grade investment management expertise for their retail clients.
“We’re extremely pleased to be partnering with Praemium to meet extensive demand for our highly efficient, low-cost and transparent portfolios that are unconstrained by alignment with any investment managers or ETF issuers, focusing entirely on delivering better outcomes for investors,” Persky explained.
“These new multi-asset portfolios, available to retail investors for the first time, are designed to accommodate a wide range of investor risk profiles. They provide flexibility and precision in investment management, ensuring that every investor can access sophisticated portfolios aligned with achieving their individual goals.”
Briefcase has managed more than $50 billion in assets at companies, including BlackRock, BT and Russell Investments.
Last month, Praemium announced its quarterly results for the three months to 31 December 2024. It reported $371 million in quarterly net inflows, which was up from net inflows of $139 million in the September quarter and net outflows of $414 million in the June quarter.
This was the highest volume of inflows seen since 2022’s September quarter when it recorded inflows of $659 million, having been hit in the intervening period by advisers transitioning away from Powerwrap, licensee switching and negative market movements.
Net platform inflows for the December quarter were supported by $784 million in positive market movements, Praemium stated.
Anthony Wamsteker, Praemium CEO, remarked at the time: “The December quarter was noteworthy for the very well received launch of Spectrum, our next generation investor directed portfolio service (IDPS) where we have a strong pipeline, and further improvement across most growth metrics from the previous quarter.”
AUTHOR
Jasmine Siljic
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