We don't like sharing
The truth is that the UK platform market is becoming increasingly homogenised. We may be in a position soon where just two technology firms control up to three quarters of advised platform assets. That’s great if you like duopolies, but it does come with a threat of a reduction in innovation.
Even with everyone’s best endeavours, it’s brutally difficult for platforms who share their technology underpinnings with their neighbours to be responsive to your requests for new functionality and process changes.
We prefer a different way.
All Praemium’s technology is built by us, to be used by us for the benefit of you and your clients. No-one else can have it.
That means we can have a total focus on ensuring we are meeting your needs and the needs of your clients. It means we can react quickly when circumstances require, such as during the coronavirus outbreak. We are independent in the truest sense of the word – we don’t depend on anyone else.
The truth is you shouldn’t have to be worried about or engaged with how the technology works. You just want it to work. But it may reassure you to know that we release enhancements every two weeks – some big, some small, some visible to you, some less so, some exciting, some deeply dull but important – and if you do choose to partner with us we will undoubtedly be asking for your input on where we should focus our efforts.