Succession selects Præmium to power investment platform

Succession will link with Præmium for its discretionary management service as part of the firm's investment platform strategy.

The link-up, which will see the wealth management firm use Præmium's dps Select technology, enables Succession members to access a range of discretionary models via a group of discretionary managers.

They will run models aligned to a range of investment mandates determined by Succession's independent investment committee.

The models, available via the platform, allow users to assess suitability against the investment profile of clients. Models can be blended, providing investors with a fully transparent and consolidated view of their holdings, says Præmium.

Succession investment director Andrew Smith says: "One of the key reasons we have chosen to use Præmium's technology is that it allows our members to easily switch their clients between the different managers and models if appropriate. Præmium's solution fits our objectives and provides the control and flexibility we need."