Praemium expands relationship with Morgan Stanley

28 March 2019
| By Oksana Patron |
image
image
expand image

Praemium has announced a major expansion of its relationship with Morgan Stanley Wealth Management Australia.

Under the expansion agreement, the firm would provide portfolio administration and taxation reporting for portfolios with international investments.

From April, Morgan Stanley would also add a range of single investment assets to their menu which would enable them to construct individually managed account (IMA) portfolios that combine separately managed accounts (SMA) models with bespoke investments.

Currently, Praemium offered non-custodial reporting for 2,500 investor portfolios with domestic assets, through their virtual managed account (VMA) reporting solution.

“We are very pleased that Morgan Stanley will utilise our fully integrated managed accounts platform, which covers all custodial and non-custodial assets, both domestic and international, enabling their advisers to create a streamlined client portfolio experience irrespective of structure,” Praemium’s chief executive, Michael Ohanessian, said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Shadow treasurer Angus Taylor has vowed to slash red tape and introduce a suite of financial services reforms aimed at transforming Australia into a leading financial hub...

5 hours 36 minutes ago

Deglobalisation is emerging as a major driver of infrastructure debt opportunities as regions onshore vital industries, a superannuation fund-owned manager has said....

5 hours 38 minutes ago

Australian superannuation funds are grappling with heightened global instability, as US policy shifts create a volatile backdrop for investment strategies....

5 hours 41 minutes ago

TOP PERFORMING FUNDS