According to Praemium, it is set to strengthen its almost seven-year partnership with Euroz Hartleys, which kicked off in December 2017 with the firm’s adoption of Praemium’s Scope reporting and administrative service.
The financial services firm, which formed after the acquisition of Hartleys Limited by Euroz in June 2020, specialises in delivering wealth management, corporate finance, stockbroking, institutional sales, and targeted research services.
Continuing its alliance with Praemium, Euroz Hartleys has announced its strategic decision to adopt the tech provider’s comprehensive product suite with the aim of streamlining processes, enhancing efficiency, and elevating its customer experience.
As such, over the next 18 months, the firm will go through the process of onboarding more than 1,000 portfolios to the Praemium non-custody solution Scope.
Additionally, the firm will transition approximately $2 billion in funds under administration across Praemium’s private wealth solutions, including the newly launched Spectrum solution designed to meet the complex needs of high-net-worth investors.
Euroz Hartleys executive chairman Andrew McKenzie said the firm is pleased to continue its partnership with Praemium by incorporating its full range of products.
“This strategic decision aligns with our vision to continuously innovate and deliver a tailored solution to our clients leveraging Praemium’s consolidated reporting to offer a seamless adviser and client experience,” McKenzie said.
Praemium chief executive Anthony Wamsteker added that the company would continue to support Euroz Hartleys through the partnership.
“Embracing the power of our full product suite is a vote of confidence in what our offering can deliver wealth management firms and their clients,” Wamsteker said.
“This partnership reaffirms our shared commitment to delivering exceptional value for investors and we look forward to the continued success of this strengthened partnership.”
