Praemium has added 16 new multi-asset models to its separately managed account (SMA), which now has $4.3 billion in funds under management.
Wealth management firms Shaw and Partners, Joseph Palmer, State Street, and Evans and Partners have been added to the Praemium SMA.
The new agreements will see a total of 16 new multi-asset models added to the Praemium SMA: eight from Shaw and Partners, four from Joseph Palmer, three from State Street and one from Evans and Partners.
There are now 579 model portfolios available on the Praemium SMA, according to a statement by the firm – along with 27 managed fund and 14 ETFs/LICs.
Praemium head of distribution Martin Morris said, "The addition of these new models and managed funds to the Praemium SMA is part of our commitment to offering one of the broadest SMA ranges in the market.
"We work very closely with our model manager partners to ensure the due diligence and on-boarding process is straightforward, efficient and to the highest standard.
"Accordingly, the process of adding a model can be as quick as one month, which enables us to provide our clients with an ever wider universe of investment choices."
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