The partnership involves the Enhance Portfolio, which is described as an investment manager selection service that uses platform technology to provide investment solutions.
The deal will see Enhance’s client book move from its current platform provider to Praemium. The transition will provide Enchance’s customers with 24/7 access to their investments in any currency.
“Enhance Portfolio serves offshore investors which demand specialist execution and compliance requirements,” said Barry Hardisty, head of Enhance Portfolio.
“Praemium has demonstrated expertise in these areas to deliver a first-class service to our clients and we look forward to working with them.”
Similarly, Tom Wiseman, chief executive of Enhance, said: “The world of financial services is unpredictable and often opaque. We believe that Praemium’s next-generation technology can help us deliver consistent and accurate reporting and efficient trading, custody and execution to our clients.”
The partnership has also been welcomed by Nadine Irons, director of client services at Praemium, as it shows how the firm’s technology is expanding.
“Enhance has a reputation locally as a market-leading investment consultancy firm and we are proud to be the technology that powers their portfolio solution going forward.”