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Praemium to bring UK model back home

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Praemium to bring its international investment model to Australia in 2009.

Praemium is set to bring its international investment model to Australia, making it available to Australian financial planners within the next 12 months.

"It will be in the second half of the financial year. We cannot really do anything until January or February in terms of bringing [models] over," Praemium managing director and chief executive Arthur Naoumidis said.

It is the listed firm's intention to bring back a number of investment models, including its risk-based model, which has already been rolled out in the United Kingdom, Naoumidis said.

"It has just occurred to us that one of our competitive strengths is we will be able to offer some of the products that we are creating in England to Australian financial planners," he said.

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With the increased interested in the separately managed account (SMA) sector, he said the Australian market was ready for greater access to international opportunities.

Praemium may also be in talks with a number of firms to use its SMA offering, come November.

Praemium's exclusive SMA deal with BlackRock expires on November 8.

"It is very much just business as usual. It was always in our business plan that this would happen. We expect it to happen in accordance with the contract. We look forward to a continuing relationship with Praemium," BlackRock head of customised portfolio service Cormac Heffernan said.

Praemium launched a series of SMA opportunities in the UK earlier this year.