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 giving you an opportunity to make 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 a Roadshow session.
All sessions will run from 5:00pm to 6:30pm (followed by refreshments). Don't delay, click here to register your attendance today.
Ideal for use by Financial Advisers and Brokers, V-Wrap Adviser (previously p-Desktop) allows you access to the V-Wrap system's market data features along with client reporting and portfolio review tools capabilities. Provided without any additional charge, V-Wrap Adviser with the Standard Data Subscription Package can be used creatively to enhance your service offering. Some of the uses to date include:
V-Wrap Investor, which uses the latest in internet technology, can enhance your client relationships by increasing your client engagement opportunities and timeliness of client communications. Like V-Wrap Adviser, V-Wrap Investor with the Standard Data Subscription Package is provided without any additional charge, and provides your clients with online access to:
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.
* Additional charges apply for the enhanced Data Subscription Packages which can incorporate on demand and live data.
If you haven’t yet taken the time to check out Praemium’s V-Wrap Adviser and V-Wrap Investor, it’s a good time to diarise your calendar for this month’s webinar on these services. Join Alex Henderson, our Operations Manager, as he provides the group online training on the features of V-Wrap Adviser and V-Wrap Investor:
Date: Thursday, 22 July 2010 Time: 11.00 – 11.45 am
There is no charge to attend the webinar, however you must register in advance. To register for this session, click here.
The following V-Wrap enhancements have been made recently:
A message has been sent out to Level 12 users regarding these enhancements. Please ensure that all users in your service who need to be made aware of these changes are notified of them. For more information, please contact the Client Service Team via email at mail@praemium.com.au.
To enable to take advantage of the full range of V-Wrap services, Praemium's standard terms and conditions are changing:
We started rolling the new terms and conditions the week commencing 28 June. Only clients who have accepted our updated terms and conditions may initialise new portfolio types or implement International Investment functionality. If you wish to use any of these new services and would like to update your terms and conditions immediately, please contact our Relationship Develeopment Team via mail@praemium.com.au.
As previously advised in April 2010, V-Wrap now integrates with Xplan and VisiPlan financial planning softwares.
The interfaces allow you to export a file from V-Wrap and upload a file into Xplan and/or VisiPlan, saving you time and the need to re-key data. You can choose what data you want to export including:
Furthermore, you can schedule the export file from V-Wrap to occur at a certain time suitable to you in order to facilitate automatic upload into Xplan and/or VisiPlan.
For more information on the Xplan and VisiPlan interfaces, please contact the Client Services Team on mail@praemium.com.au.
Established in 1981, DDH Graham Limited (DDH) is a funds management firm offering a wide range of investment products exclusively to industry professionals, including at-call deposit and fixed term deposit accounts, equity funds, other financial asset funds and superannuation. It also offers fund administration services. DDH is proud of its long association with Praemium which commenced in 2004.
Total FUM administered by DDH now stands at $3billion with over 75,000 accounts.
Money Market
DDH’s Money Market Division is a specialist in the provision of a central cash hub for portfolio administrators. We primarily distribute and administer the Bank of Queensland Money Market Deposit Accounts, an extremely competitive and fully functional facility with unique features including a built-in term deposit facility. With over $2bn funds under administration and a reputation second to none, this facility is ideal for professional SMSF administrators, accountants, financial planners and stock brokers. The account is fully integrated with Praemium's V-Wrap.
Managed Funds
DDH distributes and administers various investment products, including a retail offer to licensed intermediaries of funds only otherwise available at a wholesale level. The DDH Investment Access Funds provides access to QIC-managed wholesale funds.
Administration Services
With its in-house expertise and systems, DDH can provide back and middle office services including: Investment administration, unit pricing, unit registry, fund accounting and fund taxation
Australian Moneymarket
DDH is a partner in Australia’s first on-line transactional term deposit broking service. Through its web platform advisers can compare rates and place investments from a range of banks and other ADI’s. With one application form at the start, all investments and maturities are fully automated.
AMG Universal Super
AMG Universal Super is an APRA regulated superannuation fund which creates a simple and flexible way to provide superannuation benefits for employers, employees and other individuals. DDH is a joint sponsor of this Fund.
To find out more about DDH Graham Limited, visit http://www.ddhgraham.com.au/
Heffron SMSF Training Day 2010
Due to popular demand, Heffron SMSF Training Day will be held in more cities in August 2010.
Lead by Meg Heffron, SMSF panel member from the Cooper Review, the full-day training session has been designed to meet the needs of professionals who require a more advanced knowledge of self managed superannuation funds (SMSFs).
To register, please click here.
Insyt SMSF Update Seminars
Darren Wynen from Insyt will be presenting a half-day SMSF seminar in July and August. By way of background, Darren is an SMSF specialist who previously worked with the National Tax and Accountant’s Association (NTAA) for over 10 years. During this time, he answered in excess of 25,000 thousand practitioner calls, and presented to thousands of advisers. Darren also participated in numerous ATO Superannuation Forums and tax discussion groups.
The upcoming SMSF Update seminar will cover a broad range of critical issues including the ATO’s new contributions ruling to the impact of the Cooper Review on SMSFs. At least 90 pages of detailed, practical notes will be provided to seminar attendees.
As a proud sponsor of Insyt’s upcoming half-day seminars covering the eastern seaboard (including regional areas) in late July and early August 2010, Praemium clients will qualify for a 10% discount. Click here to see full details of the seminar.
In case you missed the following recent announcements from Praemium or articles in the press, you can read it by clicking the link below:
Year end processes
As the end of the financial year is here, it is a good time to start your year end processes.
Information relating to the taxation components of dividends and distributions for both ASX-listed securities and Managed Funds will be updated in your client portfolios as these details are made available.
For more information on our year end processes, go to the Services, Get Help section of our website (http://www.praemium.com.au/
get-help.html).
Alternatively, you can contact our Client Services team via email at mail@praemium.com.au.