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Praemium to launch new SMSF wrap

  •  
By Vishal Teckchandani
  •  
1 minute read

Financial services firm Praemium is set to launch a new wrap that caters for self-managed superannuation fund (SMSF) professionals.

The company's SmartWrap SMSF offering was a managed investment scheme wrap that would incorporate the administration costs of the SMSF within the fee structure, Praemium director Warren Gibson said.

Planners will be able to choose from a default panel of possibly up to four administrators or pick their own.

"So it will either be one of the default or one of your own choosing, and they will receive the fee," Gibson said.