WB Financial’s director of operations, Murray Wilkinson, said the firm also intends to make use of the new SMSF compliance functionality being developed within Praemium.

“SMSFs are already a key part of our business today and going forward, given we also have an interest in an SMSF administration service that integrates directly with the adviser offices and administers the majority of our SMSF clients.

“With Praemium’s new SMSF functionality, our advisers and administrators will be able to work in the same technology, ensuring funds are up-to-date and accurate, and thereby enabling advisers and administrators to work more effectively together,” he added.

Praemium commercial director Andrew Varlamos said the firm is “delighted” to be partnering with WB Financial to deliver solutions for clients and advisers.

“The Praemium Agentia platform enables advisers to give their clients low-cost, personal portfolios, and is experiencing strong inflows from advisers,” he said.