Praemium inks deal to expand structured product suite

Praemium has expanded its suite of structured product offerings within its HNW platform Spectrum, confirming a new deal with alternative investment platform Stropro.

Stropro’s structured product offering will now be made available to advisers directly through the Spectrum platform, with Praemium advisers to work directly with Stropro’s Investment Desk.

As well, Praemium users will gain access to structured investment educational resources, as well as advanced reporting and analytics features enabled via the Spectrum platform, which officially launched in October this year.

Stropo touts itself as Australia’s leading multi-issuer structured products platform, providing investment opportunities from a number of top-tier global investment banks.

Historically the preserve of private bank and institutional investors, structured products offer a range of highly customisable investment solutions, which can be tailored for a range of investor preferences, objectives and risk profiles.

“Our approach provides advisers with tailored education for themselves and their clients, enhanced product solutioning, competitive structured product pricing, and advanced reporting tools to support better decision-making and investment outcomes.”

Spectrum, which debuted earlier this year, is designed specifically to manage high net wealth (HNW) clients. The platform boasts a number of features for advisers, including integrated portfolio management, full-suite reporting, and execution services for multiple asset classes (covering domestic and international securities, corporate actions, derivatives, forex, and fixed income, as well as management of SMAs and margin loans).

Praemium chief operating officer James Edmonds welcomed the new partnership, giving platform users an expanded suite of investment offerings.

“Structured products are an increasingly important tool for financial advisers to deliver customised solutions and meet the complex needs of HNW clients,” Edmonds said.