Lonsdale aligns with Praemium

22 June 2005

Lonsdale Financial Group Limited (Lonsdale) continues to actively grow its value to its adviser base by aligning with Praemium Portfolio Services to offer its members access to this on-line administration service.

Lonsdale Chief Executive Officer Mario Modica said that as they continue to recruit advisers to the network, offering top-of-the-line and value-add services to new and existing Associates is vital to remaining the dealer group of choice.

“Praemium is a unique service that favours our accounting based adviser group particularly in the area of SMSFs and where listed securities are a significant part of the investment mix,” Modica said today.

Built on a CGT and a corporate processing engine which provides superior tax and investment performance reporting across all asset classes and investment alternatives, Lonsdale is confident the administration service is an ideal fit with the quality advisers it has already attracted and those they are currently in negotiation with.

“Praemium’s flat service fee and strength in tax reporting were the key factors that stood out in the service that would really be of benefit to our advisers,” he said.

“Lonsdale has fully recognised the importance of keeping abreast of what our advisers need to grow their business, increase their profit, while operating in a professional and compliant manner. We are thoroughly looking forward offering this service to our network and the significant efficiency benefits it will deliver,” Modica said.

About Lonsdale Financial Group Limited

“Lonsdale Financial Group is small enough to get to know people in the network, and big enough to feel a part of an established and secure group.”

Lonsdale has offices Australia-wide, a dedicated team of Business Managers and was established 20 years ago.

About Praemium

Praemium is an on-line portfolio administration service built on a CGT and corporate action processing engine which provides superior tax and investment performance reporting across all asset classes and investment alternatives.

It is highly automated and scalable, easily badged and can be deployed to adviser desktops for a low flat annual fee.

See http://www.praemium.biz/ for more information.