Australian wealth management firm WB Financial has revised its Agentia separately managed account (SMA) with 11 new diversified model portfolios.
The company has partnered with investment administration platform specialist Praemium to re-launch the SMA on one of Praemium’s platforms.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Available in super and non-super structures, the models will be updated and managed by WB Financial, while Praemium will undertake trading and administration operations.
WB Financial director of operations Murray Wilkinson said that upon re-weighting a model portfolio, Praemium would automatically update all client portfolios attached to that model, without the need for the advisers to prepare advice documents.
Praemium commercial director Andrew Varlamos said: "The Praemium Agentia platform enables advisers to give their clients low-cost, personal portfolios, and is experiencing strong inflows from advisers."
In addition, the wealth manager is working towards a new self-managed super fund (SMSF) compliance tool with Praemium.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"SMSFs are already a key part of our business today and going forward given we also have an interest in a SMSF Administration Service that integrates directly with the adviser offices and administers the majority of our SMSF clients," Wilkinson added.
