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Praemium adds SMSF wrap capability
Praemium has added a self-managed superannuation fund (SMSF) offering to its SMARTwrap product.
Two administrators, Cavendish Superannuation and Super Concepts, have signed agreements to deliver the SMSF offering.
The main benefit of the solution will be the incorporation of the administration costs of the SMSF within the fee structure.
Praemium chief executive Arthur Naoumidis said he wanted to deliver advisers a bundled service where the SMSF can sit on its SMARTwrap platform without advisers facing the hassle of administering the fund or paying administration costs.
Advisers can choose between the two default administration providers, or use their own preferred accountant.
AUTHOR
Ashleigh McIntyre
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