Praemium Limited is very pleased to sponsor SPAA. Both organisations have grown more or less together over a similar time frame, SPAA to represent SMSF professional advisors and Praemium building a following for our unique web based administration service technology enabling reporting and integration at tax and asset level.

Praemium has proven to be highly desirable to accountants and financial advisers, representing 74% of all users, for the strength of its reporting capability. It is a robust service that caters for all tax structures particularly SMSFs because of the integration to compliance software where it delivers efficiency improvements to administrators, on line access to trustees and daily performance data.

True consolidation of all assets is now quick and easy.

The SMSF market will continue to benefit with the introduction of Separately Managed Account products powered by Praemium technology as this builds on the Praemium Portfolio Service.

The SMA technology cuts through the weaknesses of traditional platforms offering lower costs, transparency of transactions and holdings, tax effectiveness through the ability to select parcels, and portability. As this product breaches other asset classes and investment types SMSFs will be able to access direct international equities and fixed interest portfolio models with the same tax effectiveness and transparency of their domestic portfolios.

Many SPAA members use Praemium so the company is comfortable in sponsoring the association going forward. Over 65% of all portfolios in the Praemium service are SMSFs totalling in excess of $10 billion.

As a flat fee service with no asset based charges Praemium is not a threat to portfolio profitability, rather with core competencies in corporate action processing and CGT optimisation it can improve returns, better manage CGT risk, facilitate the review process, provide efficiency improvements at practice management level and improve decision making.

www.praemium.com.au