Praemium to offer managed fund trading facility in UK next year
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The trading facility will give Praemium clients access to the Powerwrap managed investment scheme, which provides custodial holdings for managed funds, non-custodial holdings of direct equities and cash within a single consolidated account.
A Praemium spokesman says it is currently only available in Australia but will be introduced into the UK in the next 12 months.
Chief executive Arthur Naoumidis says this is the first deployment of a managed funds trading functionality using V-Wrap.
He says: "Our partnership with Powerwrap is about more than just providing access to our technology. Our existing V-Wrap client base has expressed the wish to access and consolidate managed investments utilising our technology.”
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