Praemium brings cross-border fund solution to HNW | Australian Markets
Financial advisers utilizing Praemium’s Spectrum platform for high web price (HNW) purchasers may have entry to a new suite of investment choices by way of the incorporation of Clearstream’s Vestima platform.
The Vestima platform boasts a world distribution companion community and gives custody providers for over 245,000 funds throughout 55 world markets, amounting to roughly €4 trillion in property underneath custody.
Users of Praemium’s Spectrum platform won’t solely have the chance to faucet into “previously out of reach” worldwide investment choices, but additionally leverage the streamlined and simplified processes supplied by Vestima together with the administration of world property, diminished operational friction and enhanced portfolio construction flexibility.
“This integration will provide a significant advantage for advisers seeking to differentiate their offering,” James Edmonds, Praemium’s Chief Operating Officer, stated.
“Praemium is ahead of the curve as one of the only platforms in Australia to offer this capability through Vestima, and it reflects our commitment to innovation and delivering best-in-class solutions.”
The Vestima platform can even help within the OneVue shopper migration, following the acquisition final 12 months, by transitioning chosen funds.
“Vestima delivers secure, efficient execution and custody, backed by Clearstream’s trusted global infrastructure,” Ravi Subramaniam, CEO of Clearstream Australia Limited, stated.
“Its integration into Praemium’s platform streamlines access to international funds for Australian advisors, reinforcing our commitment to supporting the growth of cross-border fund distribution and operational excellence.”
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