Platform provider Praemium has become an integration partner of fintech firm Moneyinfo.
This follows Moneyinfo’s tie up with challenger platform Hubwise in May.
Praemium is a global provider of digital-first financial services. The platform offers advisers portfolio management and rebalancing capacities alongside market reporting.
It also features signature-less processes and AI-driven adviser insights, which flag unusual client behaviours. Firms can also white label the platform to their own requirement.
Adviser firms with an international presence can serve their clients around the world through Jersey-based Praemium International.
Praemium managing director of financial advice software Dylan Navra said: “Integration in the platform space is still largely spoken about in terms of ‘wouldn’t it be nice’ when what is needed is for the commitment to ‘do your bit’ to advance integration to be a deeply embedded ethos across all platforms’ practices.
“It’s why at Praemium we opened up our APIs to everyone. And it’s why we were delighted to partner with Moneyinfo, because it means firms can be safe in the knowledge that the Moneyinfo portal and the
“Praemium platform are comprehensively integrated. Working with moneyinfo has been a pleasure, the teams were clear on what was needed and have delivered an integration which enhances the client experience with minimal effort to the adviser firm, which is how it should be.”
Moneyinfo is a fully branded service for advisers and investment managers including branded apps for Apple and Android.
Its secure portal manages all of a client’s finances in one place and enables the sharing and signing of paperwork.
It can reduce the speed of onboarding, client reviews and rebalancing from days to minutes.
Moneyinfo managing director Tessa Lee said: “One primary area which delivers clear efficiencies for the advice community is integration between their multiple suppliers and taking the headache out of data management.
“We run a scheduled overnight service to download the latest valuations and transactions on the Praemium platform which are then available to view in moneyinfo for both staff and clients.
“These valuations build up a history which can be shown graphically with transactions highlighted on the timeline.
“Our users outsource the management of the Praemium data feed to us and we monitor the feed and deal with any problems on our advisers behalf saving them both time and money and ensuring that their client data is always up to date.”
Dan Howell, the managing director of Abram Partnership, said that having all the clients’ assets brought together automatically would help his advice firm to deliver a better client experience.
He added: “It’s great when our key technology suppliers work together. Our clients can now access up to date Praemium valuations and transactions through our client portal and branded app powered by Moneyinfo.”