Praemium announces new SMA partnerships

Praemium has announced SMA partnerships with Thornton Group, Advisory Partners and Providence Wealth, and added a number of new model portfolios to the Praemium SMA, bringing the SMA funds under administration to greater than $5.5 billion.

The addition of model portfolios from Alliance Bernstein, UBS, Nucleus, Pendal and Legg Mason has given the managed accounts provider a comprehensive range of domestic and international models within an SMA and met the growing demand from investors for globally diversified portfolios.

Thornton Group’s director, Duncan Wiech, said the ability to customise investors’ portfolios and provide tailored and accurate reporting would offer high-quality solutions for their clients.

Praemium’s general manager, Anna Itsiopolous, said Praemium’s SMA provided one of the largest lists of investment options from quality investment managers, and a substantial international model offering underpinned by their managed accounts technology.

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