This article will go over the Praemium International Platform, for me, this is one of the top advisor lead platforms in 2022, the other being Novia.
So, I want to go over this platform as I believe it is one that you should strongly consider as an expat investor and for advisors to recommend it more to clients
Who is Praemuim?
In its own words
“Praemium Limited was established in Australia in 2001 as a non-custodial reporting and administration provider and has since grown to be an award-winning provider of investment platforms, portfolio administration, investment management and CRM solutions with offices in Australia, UK, Jersey, Armenia, UAE, Hong Kong and China. The value of investments managed or administered by Praemium is now in excess of AUD$100 billion for almost 1000 financial services organisations.
Praemium’s clients include some of the world’s largest financial service providers, including Citigroup, Asgard and BlackRock.
Praemium launched its platform services into the UK market in 2008 and the international market in 2012, where it is now one of the fastest-growing discretionary platforms available.”
The company has offices in Australia, the UK, Jersey, Dubai, Armenia, Shenzhen and Hong Kong.
Praemium launched its services into the UK market in 2008, where it is now one of the fastest-growing discretionary platforms available.
In the UK, the Praemium group is regulated by the Financial Conduct Authority.
For me having a play around with the portal, is fairly easy and from a client’s perspective its easy to navigate and see your investments.
In terms of funds, it doesn’t have a full fund range but it is large enough to see the majority of investors through. You have a range of major currency options and have to keep 1% in the cash management account.
It works with wealth crafts that use the Oxford risk to help model portfolios and for advisors, this can be a useful tool to help automate the risk profiles.
As well as this you have CGT calculators, bulk rebalancing, portfolio anaclitic.
If you have transferred your pension you have trust options as well as those looking for IHT planning have the ability to wrap into a trust.
See the figure below for the portal specifics
The costs, now this is where it can be competitive in the cost range.
As seen below with the breakpoints are from 0.35% to 0.03% depending on your amount.
I have linked a PDF below, note that this is dated in 2021 so it might be out of date.
https://www.praemium.com/media/4755/pil-due-diligence-2021.pdf
In conclusion, I believe that this is one of the top platforms in the expat space for a range of factors such as cost, platform specs, and stability.
I would highly recommend any expat to at least consider this option.
