free portfolio review tools from 1 June 2009

From 1 June 2009 eligible advisers can have access to Portfolio Review Tools as part of p-Desktop for no additional charge.

What are Portfolio Review Tools?
Available only to AFSL holders or Authorised Representatives of AFSL holders, Portfolio Review Tools allow you to conduct rapid reviews of portfolios on V-Wrap and generate short form Statements of Advice, customised to meet your own compliance and branding requirements.

Portfolio Reviewer - enables you to assess the impact of proposed transactions on individual portfolio holdings, asset allocation, real-time unrealised and realised capital gains position. A short form Statement of Advice is produced once the review is completed, which incorporates details for the current and proposed portfolio, proposed transactions and impact on the capital gains position, asset allocation and estimated yields.
Model Rebalancer - facilitates the review of multiple portfolios at the one time using a model portfolio approach. Model Rebalancer can streamline the management of Individually Managed Accounts and Separately Managed Accounts. Existing portfolios are compared against a model to determine the transactions required to rebalance each portfolio in line with that particular model. Each portfolio can be customised by excluding stocks, substituting stocks or setting rounding or maximum stock limits.

As with Portfolio Reviewer, a short form Statement of Advice is produced for each portfolio.

To find out how you can access these features within p-Desktop, or if you have any questions about this offer, please contact the Client Service Team on mail@praemium.com.au

powerwrap - managed funds transactions now integrate with v-wrap

Following approval of its Australian Financial Services License by ASIC last month, Powerwrap Limited will launch the first component of its new wrap account service in July this year.

Based entirely on Præmium's V-Wrap technology, the Powerwrap Portfolio Service will provide online transactions across a universe of more than 650 managed funds within a custodial Managed Investments Scheme (MIS) structure.

As the first of three major component releases, the managed funds service offers seamless integration with V-Wrap technology and a natural replacement for the existing wrap accounts and master trusts used by Præmium customers. Following the release of managed funds, integrated SMA functionality will be available later in the year.

Developed in conjunction with Præmium, the Powerwrap Portfolio Service provides a single, integrated technology solution that not only delivers back office administration efficiencies to financial planners, but one that delivers significant portfolio value to the investor through the superior direct asset and tax management capabilities inherent in V-Wrap.

As a full service investment administration platform, the Powerwrap Portfolio Service provides custodial holdings for managed funds, and non-custodial holdings of direct equities (V-Wrap) and Cash (Adelaide Bank CMA) within a single consolidated account. The structure is designed to support efficient portfolio management:

Custodial holdings of managed funds provides transactional efficiencies through pooling, without limiting flexibility or investor entitlements;
Direct held equities give investors ultimate flexibility in corporate actions decisions relating to their portfolio;
An integrated external cash facility offers superior transaction functionality, pricing and transparency as compared to the typical pooled cash arrangements offered by master trust and wrap providers; and
Tax optimisation operates at the consolidated account level and leverages V-Wrap's superior tax management capabilities.

For Praemium clients, Powerwrap offers a complete business solution based on the client's preference for Praemium portfolio reporting technology - all at a cost and quality superior to the traditional master trust and wrap account providers.

For more information, please contact Peter Rowley, Chief Commercial Officer, Powerwrap Limited on (03) 8681 4610 or via email peterrowley@powerwrap.com.au .

new! online help system

The V-Wrap Online Help system is a comprehensive user guide for the V-Wrap application. It describes the key processing and reporting functionality of the application in a separate window, which allows you to read the procedure in the help system and perform the procedure within V-Wrap at the same time.

A big change to the way you can access the new Online Help system is that you must log in to V-Wrap first.

You will then need to click on Help icon that is displayed on the extreme right of the V-Wrap menu bar to open the Online Help.

This new online help system will replace the User Manual that used to be available on our website under the Products & Services - Get Help section, which will be removed shortly.

For more information on how to use the Online Help system, please contact the Client Service Team on mail@praemium.com.au .

v-wrap enhancements to tax reports!

A number of enhancements to Tax Reports will be made towards the end of June 2009 in time for the 2008/09 reporting period.

In response to client feedback, the changes have been designed to provide better clarity and usability of these reports. The first phase of the changes will be made to the printable version of the Tax Reports, with the on-screen reports to follow.

Current System Administrators have been informed recently of these changes, and more information can be found under System Messages within V-Wrap. Alternatively, please contact the Client Service Team on mail@praemium.com.au .

webinar - preparing for end of financial year

As 30 June rapidly approaches, Scott Jackson, Præmium's Relationship Development Manager, 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:

Daily roll forward lock
Asset valuations - ex and cum prices
How V-Wrap updates the tax component information
How your business can manage and control tax component information
Timing of information and reporting.

Date: Tuesday, 23 June 2009 Time: 11 am to 12 pm

There is no charge to attend our webinar service, however, you must register. To register for this session, click here.

maven financial benefits from switching to v-wrap

client profile

Andrew Zbik, Financial Adviser and Administration Manager at Maven Financial, explains the benefits of switching to Præmium's V-Wrap to deliver a more efficient service to their clients.

Tell us a little about your firm

Based in St Leonards on Sydney's North Shore, Maven Financial provides personal wealth solutions to a small group of clients.

What are some of the services you offer?

Maven Financial specialises in providing financial advice regarding Self Managed Superannuation Funds (SMSFs), Personal Investment Portfolios and Tax Effective Investing. Maven Financial currently manages over 80 SMSFs.

What made you decide to look at using V-Wrap?

Maven Financial was not satisfied with the service provided by external portfolio administrators who were slow in updating portfolios and often recorded data incorrectly. We found that we spent a considerable amount of time checking the work of our previous administrator.

Some of our best moments were when we had to train external portfolio administrator staff in the difference between a direct equity and a managed fund, that proceeds from a managed- fund redemption were not to be treated as an employer contribution or that every withdrawal from a SMSF fund was not necessarily a pension payment.

We thought if we spent so much time auditing the work of the external portfolio administrator, we would be better off performing the work ourselves.

How did you find the on-boarding process?

The assistance of the Præmium staff was crucial during the transition phase. Their ongoing support as we further implement all the features of the new system is very helpful. There has been a bit of work on our part. However, we are already benefiting from being able to control the reporting of our client's portfolios in a timely manner.

What are some of the features in V-Wrap that have most appealed to you and your business?

The ability for our client's to access easy-to-read reports online is crucial. Many of our clients wish to view their portfolios at a time when it suits them. This saves many phones calls on a Friday afternoon at 5.00pm.

Secondly, the ability for our support staff to immediately update a portfolio has improved the online reporting and presentation of portfolios to clients.

Have you found V-Wrap easy to navigate?

The system is very easy to navigate both in a visual sense and a conceptual sense.

Any useful tips for other new or potential clients

The transition process does take some time. This took longer than initially expected. However, the effort has been well worth it.

smsf strategy day

SMSF Strategy Day (with Grant Abbott) represents an opportunity for financial advisers and accountants specialising in the sector to learn about the latest issues and trends affecting the fastest growing segment of the superannuation industry - with SMSFs now representing approximately $350 billion of the market.

As a proud sponsor of this event, we look forward to seeing you there.

Cairns - 31 July - Shangri-La
Brisbane - 3 August - Sofitel
Melbourne - 5 August - The Langham
Sydney - 7 August - Sheraton on the Park
Adelaide - 10 August - Hilton
Perth - 12 August - The Duxton

For more information on this event, click here.

other upcoming events

A number of seminars and workshops will take place in the next few weeks that may be of interest to you.

Save the date - Heffron's advanced SMSF training day

Heffron's one-day training session is designed to meet the needs of professionals who require a more advanced knowledge of self managed superannuation funds. This year's dates are as follows:

Brisbane - Wednesday 2 September
Sydney - Wednesday 9 September
Newcastle - Friday 11 September

Praemium clients will be eligible to a discounted registration fee, and an invitation will be sent in early July. For more information or to register your interest, please send your details to heffron@heffron.com.au .

recent announcements & in the press

In case you missed the following recent announcements from Præmium or articles in the press, you can read it by clicking the link below:

You can view other ASX Announcements or articles in relation to Praemium at any time by visiting our ASX Announcements or In the Press section of the website.

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 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.

Issue 19 16 June 2009