Praemium International, a subsidiary of Australian firm Praemium, has signed an agreement with RBS International to offer platform services to its clientele based in the tax haven of Jersey.
As part of the deal, RBS International’s ex-pat clientele based in Jersey will gain access to Praemium’s separately managed account (SMA) platform.
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These SMA platform services are compliant with the UK’s Retail Distribution Review (RDR), which came into effect at the beginning of 2013 and Jersey’s equivalent RDR will come into effect in Jersey on 1 January 2014.
Michael Ohanessian, CEO of Praemium, said: "As a ready-made solution that meets the requirements of financial advice reforms in Australia, the UK and the Channel Islands of Jersey and Guernsey, Praemium is a compelling proposition as it also provides clients with efficiency, transparency and scalability."
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