We are pleased to announce some new, exciting enhancements for V-Wrap! As of 7 June 2010, we will be launching:
New portfolios
In addition to the Full Capital Gains Tax (CGT) portfolio which is priced at $240 (plus GST) per annum, you will soon have access to the following different Portfolio Types:
|
Portfolio Type |
Price (plus GST) |
|---|---|
|
No CGT portfolio – i.e. transactions only, with automated corporate actions and daily recalculation, BUT no CGT calculations or reporting. |
$90 pa |
|
Manual corporate actions portfolio – with a full suite of reporting, daily recalculation, CGT calculations BUT no automated or supported corporate actions (including income), but still with manual management capability by you. |
$60 pa |
|
Daily valuation portfolio – with limited reporting (holding and valuation only), no automated or supported corporate actions or CGT processing, but with daily pricing and revaluation. |
$48 pa |
|
Ad hoc valuation portfolio - with limited reporting (holding and valuation only), no automated or supported corporate actions or CGT processing and manual revaluation only. |
$24 pa |
Please note that you will not be able to reduce/downgrade the current Portfolio Type for your existing clients.
International Investments*
From 7 June 2010, you will be able to switch on the ability to administer International Investments for individual portfolios for an additional $100 per annum per portfolio. Previously this capability (referred to as Multi Currency) was only available at Service level.
*Only available for portfolios with CGT processing and not included in the minimum fee calculation
For more information on the new Portfolio Types and/or or International Investments at portfolio level, please contact your State Manager on 1800 702 488 or the Client Services Team at mail@praemium.com.au .
The names of p-Desktop and Portfolio Trader are also changing. The new service names reflect the fact that these services have now evolved to be more of alternative access points to V-Wrap that may be more applicable for use by advisers or investors.
Access to both V-Wrap Adviser and V-Wrap Investor with 20-minute delayed data is provided to all our V-Wrap customers for no additional charge. Additional charges do apply for live or on-demand data and for the rebranding of V-Wrap Adviser.
For more information on V-Wrap Adviser and/or V-Wrap Investor, please contact your State Manager on 1800 702 488 or the Client Services Team at mail@praemium.com.au .
Like it or not, further change to the execution of financial advice is on the way. The Hon Chris Bowen - Minister for Financial Services, Superannuation and Corporate Law - has made it very clear that it’s the current Government’s policy that from July 2012 payment of all types of commissions on all investments other than insurance will be prohibited.
Praemium has been the choice of fee-based advisers for some years and V-Wrap is at the heart of a powerful transitional solution that will enable you to offer a suite of investment options and one that embraces:
Praemium’s transitional solution will enable you to continue doing business under the old regime whilst “tooling up” for the new regime proposed for post July 2012, and at the same time giving you control over the value chain thereby making your business more valuable.
Find out how Praemium and its business partners can offer you A Nuts & Bolts Solution for the new regime. There will be no charge to attend this Roadshow to be held in five capital cities between 13 to 20 July 2010.
Please visit http://www.praemium.com.au/The-Future-of-Financial-Advice-A-Nuts-Bolts-Solution-Roadshow.html to register your attendance today.
Powerwrap is a full custodial wrap platform built on Praemium’s V-Wrap technology, offering a universe of 650 managed funds and integrating with V-Wrap to provide consolidated reporting across all investment assets.
Omar Palov, Principal at Queensland financial planning firm, WTC Financial Services, enjoys the efficiencies that the Powerwrap approach brings: “Powerwrap gives me the flexibility to hold equities in a V-Wrap portfolio and managed fund assets in the Powerwrap scheme, so the client is paying a much lower total administration fee. Yet I still get a full consolidation of the portfolio, without re-keying any data. The Powerwrap service is fully online, easy to use and well priced, and as it’s based on Praemium technology, I know it’s accurate.”
For more information on Powerwrap, please contact David Harris, Head of Distribution, on 03 8681 4604 or davidharris@powerwrap.com.au .
WTC Financial Services is the financial services arm of CondonTreasure, a progressive Queensland accountancy and financial planning firm with offices in Roma, Charleville, Maroochydore and Rockhampton.
As 30 June rapidly approaches, we will provide you with some tips on how you can prepare for end of financial year with V-Wrap. This webinar will cover key year-end processes including:
Date: Thursday, 24 June 2010 Time: 11.00 – 11.45 am
There is no charge to attend our webinar service, however, you must register. To register for this session, click here.
The latest edition of Heffron Super News identifies some of the key strategic opportunities (and threats) presented for SMSFs by the current landscape:
Heffron have been actively involved in the Cooper Review with its Principal (Meg Heffron) the SMSF industry's panel member on the Cooper Review and this Super News edition provides a very useful insight in to some of the critical Cooper Review preliminary recommendations for SMSFs.
Praemium clients are eligible for a free subscription to Heffron Super News. Please send your details to heffron@heffron.com.au or go to http://www.heffron.com.au/ to register your interest.
Insyt SMSF seminars
Insyt has identified a need in the market to provide a comprehensive source of quality information on the tax implications of SMSFs for advisers. They do this through their innovative 'one-stop’ platform called Superclear, which was developed for advisers to access SMSF information quickly and easily. Insyt also run SMSF seminars to keep advisers at the cutting edge of all the latest tax changes.
As a proud sponsor of Insyt’s upcoming half-day seminars covering the eastern seaboard (including regional areas) in late June and early July 2010, Praemium clients will qualify for a 10% discount.
The seminar will cover a range of topics, including the ATO’s new contributions ruling to the impact of the Cooper Review on SMSFs. At least 85 pages of detailed practical notes will be provided to seminar attendees. Click here to see full details of the seminar.
AFSSDA’s Long Lunch
As the peak body that represents boutique securities and derivatives AFSL holders, the Australian Financial Services & Securities Dealers Association (AFSSDA) is conducting a half-day seminar on Friday, 11 June 2010, in Perth titled The Long Lunch. Over a three course meal, some wine tasting and presentations, Licensees and advisors will earn 4 CPD points.
As a proud sponsor of AFSSDA, Praemium will conduct a demonstration of V-Wrap Adviser and V-Wrap Investor at the seminar. For more information on this event, please email AFSSDA’s at longlunch@afssda.com.au or visit www.afssda.com.au to book your tickets.
Disclaimer: The information in this publication is of a general nature. While Præmium Limited and its related bodies (‘Præmium') endeavour to provide accurate and timely information Præmium do not guarantee that the information in this publication is accurate at the date it is received or that it will continue to be accurate in the future. Views expressed by contributors and/or services described which are provided by third parties are not necessarily endorsed by Præmium. No responsibility is accepted by Præmium for the accuracy of that information, and Præmium in no way takes any responsibility whatsoever for material contained on external websites referred to in this publication.
Do you regularly upload cash transactions or use V-Wrap in conjunction with a super compliance package such as BGL Simple Fund or Desktop Super?
If the answer is yes, rules can now be created to automatically tag a cash transaction with a specific general ledger (GL) code to facilitate its future export to a third party software application. Uploaded transactions that appear in the portfolio’s cash book now have their own Remember button to create these rules. For more information on this please refer to our Online Help under Cash Books - Using notes to create upload rules for cash transactions.