Issue 5 10 April 2008
continued volatility...
We have been pleased to hear some great feedback from clients on how they have been using V-Wrap to help them manage client expectations, and even improve portfolio performance, during the current market volatility.
Although you can't control the market movements, you can have some control over the costs that drag down your client's portfolio performance. At only $220 (incl. GST) per portfolio, V-Wrap could represent substantial cost savings to your client when compared to other administration platforms.
The tax management capabilities are also crucial during volatile markets, enabling you to assess the impact of alternative strategies.
Some of our clients have also told us that the search functionality has been invaluable in identifying which clients hold certain securities; enabling them to pro-actively contact clients following market news announcements.
We look forward to helping you even more as the end of financial year draws ever nearer!
exchange traded options webinar
As you may know from experience, administering options can be a complex process. To help you ensure you are administering put and call options in the optimal way, Scott Jackson will provide a detailed demonstration of the options administration capability in V-Wrap.
This webinar will cover:
- Exercising options
- Lapsing options
- Taxation of options
- Reporting of options
Date: Wednesday 23 April
Time: 10:00 - 10:30am
Please note that this webinar will be restricted to the first 50 respondees. We will schedule another webinar on this topic if there is sufficient demand.
To register for the Exchange Traded Options webinar, please click here.
upcoming user groups
Many of you attended our first user groups at the end of last year and we are now in the process of planning the next round.
User groups will be held in the capital city of each state, with the schedule to be announced in the next couple of weeks via the System Messages. This schedule will be reconfirmed in the next newsletter.
To help us plan the agenda and ensure we cover the topics of most interest to you, please email any feedback to mail@praemium.com.au
special offer! separately managed account 2008 conference
Usually only available to financial planners, Orkestrate have extended the discounted price of $600 + GST for their 7th annual Separately Managed Account conference to all of Præmium's clients.
Exploring the challenges and prospects in the Separately Managed Account market, the conference includes cutting edge presentations from those who are progressing Separately Managed Accounts in the region. This conference will help guide practitioners on their SMA journey and examine key issues including future trends, barriers, strategies and technologies that will redefine the Managed Account landscape.
Arthur Naoumidis, Præmium's Managing Director, will be speaking at 9.15am on 29th April on 'The evolution of Managed Accounts'.
Normally $1800 + GST per delegate, Præmium's clients are offered a special discount to attend the conference for only $600 + GST per delegate.
Conference: Orkestrate Separately Managed Account Conference 2008
Venue: Bayview Boulevard
90 William Street, Sydney, NSW 2001
Date: 29 - 30 April 2008
Special price: $600 + GST (reduced from $1800 for Præmium clients)
Click here to download the program and registration form.
recent announcements from the UK
In case you missed the following announcements from Præmium, you can read them by clicking the links below:
- Præmium receives UK approval to launch its retail SMA product (1 April 2008)
- Contract with Cofunds - leading UK Platform provider (12 March 2008)
You can view ASX Announcements at any time by visiting our website.
in this issue...
- exchange traded option webinar
- upcoming user groups
- special offer: separately managed account conference
- recent announcements
tip of the month
cashbook matching
If you find that the cash book matching process is not matching all of your transactions, it may be because this process will only match unconfirmed Deposit and Withdrawal transaction types. Any other transaction types, such as Income, Stock Purchase, Interest Receipt etc, or confirmed transactions will not be matched.
To rectify this, you have two options:
You can change the transaction types to Deposit and Withdrawal before you confirm the transaction and recalculate the portfolio. This will then allow these transactions to be matched and the transaction types will update accordingly.
Alternatively, you can change the transaction type manually after the transaction has been confirmed.
To change the transaction type, you simply click the Edit Button and then enter the new transaction type.