Investment administration provider Praemium and Infocus Wealth Management have extended their partnership to create an end-to-end advice and investment solution.
Under the partnership, Infocus’ Platformplus financial planning system will be integrated with Praemium’s separately managed account (SMA) platform, to develop the solution.
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The integration will allow advisers of both the firms to generate application forms and to help clients invest in the Infocus Managed Accounts product from their financial planning software.
This move follows the launch of the Infocus Managed Accounts solution on the Praemium SMA platform. The solution had already received strong support in both the Infocus and Patron networks.
Infocus Managing Director Rod Bristow said: "Integrating Platformplus with the Infocus Managed Accounts platform is a logical next step for Infocus, as it will enable straight through processing, from Fact Find all the way through to opening and investing in the client’s managed account portfolio. I am proud to say this is an industry first."
Praemium CEO Michael Ohanessian said: "Integrating Platformplus with the Praemium platform will help financial advisers deliver greater efficiencies in their businesses."
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