Praemium is delighted to announce that Price Bailey, a major client and longstanding user of the Praemium platform in the UK, has again won the title of Leading Platform-Based Adviser Practice at the Schroders UK Platform Awards 2016. This is the third year that Price Bailey has secured the prize, having taken the honours in 2012 and again in 2014.
James King, Head of Private Client at Price Bailey commented, “We are very pleased to win the Leading adviser practice award at the Schroders UK Platform awards. Our proposition is all about providing a fantastic service for our clients whilst keeping the costs to a minimum. Our seven-year partnership with Praemium has really helped us to achieve this. Praemium enable us to manage our model portfolios efficiently, and because they aggregate trades the overall costs for our clients is greatly reduced.”
Praemium CEO Michael Ohanessian commented, “We congratulate Price Bailey on winning their third award at the Schroder UK Platform Awards. At Praemium we thrive on creating efficiencies for financial advice firms with our fully automated discretionary platform. By partnering with Praemium, Price Bailey is able to manage clients at scale, providing real-time active investment management and reducing time on compliance and administration. We look forward to continuing our relationship with clients like Price Bailey, and are happy to be a key partner in their success in the UK financial advice market.”
According to Schroder’s criteria for this category, the judges looked for evidence that a first- rate customer offering is supported by the platform and state of the art technology for processes such as research, model portfolios, benchmarking, reviewing, re-balancing and reporting. The judges looked at total customer cost – asset management, platform and adviser. They also wanted to see that the business is successful both in terms of overall turnover and margin.
