- Ability to choose tax parcels (e.g. highest cost, lowest cost, or specific lot selection)
- Capital gain and loss tracking
- Tools for tax-effective rebalancing of portfolios
- Timing asset sales to fall in lower-income years or more favourable tax years (What If Trading Analysis)
Praemium's whole-of-wealth platform provides tools and reporting capabilities designed to help advisors manage and minimize capital gains tax liabilities for even the most complex and diversified portfolios.
Our research shows 85% of all advisers consider CGT and tax tools to be important in making trading decisions. Which is where Praemium excels. We help advisers provide benefits to their clients, such as:
- Higher after-tax returns without increasing portfolio risk
- More personalised advice, improving engagement and client loyalty
- Better visibility and compliance with detailed, auditable tax records
- Value-add for HNW clients, SMSFs, and those in retirement or with intergenerational wealth strategies.
Powerful tax reporting
We are rated #1 by advisers for Reporting for a reason*. Our performance and valuation reporting is the best in the industry. And accountants especially love our tax reporting.
The detail and accuracy of our tax reporting is driven by direct tax parcel allocation based on individual transactions. Our detailed transaction reports cover everything from simple income tax summaries to detailed reconciliation reporting depended on by the Australia’s most sophisticated wealth managers.
Advanced CGT modelling
Praemium provides tools for analysing capital gains tax liabilities and optimizing tax outcomes and choosing different disposal strategies.
Our What-if trading analysis provides advisers with scenario-based calculations, based on the same CGT engine that powers our industry-leading reporting.
View a demo of our What If Trading Analysis.
Single platform consolidation with Managed Accounts
Praemium's integrated managed account solution allows for tax-loss harvesting strategies and optimized CGT processing.
Unlike managed funds, SMAs allow for direct ownership of the underlying securities, enabling advisers to manage capital gains and losses at the individual security level. SMAs can also be tailored to align with specific tax strategies, such as minimizing taxable income generated by a portfolio each year or accommodating socially responsible investing and environmental, social and governance criteria.
The full Spectrum of reporting
Praemium Spectrum can hold and report on all assets in one place, providing a comprehensive whole-of-wealth view for tax planning and advice. When dealing with the increasingly complex asset allocations required by today’s high-net-worth investors, summing your client’s overall tax position can be a nightmare.
If you want a comprehensive view of all your client’s tax liabilities on the one platform, then Spectrum is your only real choice.
96% of advisers surveyed on Generating Tax Alpha considered Praemium’s tax reporting to be comprehensive, compared to a platform industry average of 85%.
How Praemium’s rich tax features can help you generate and report on tax alpha
- Trading
- Reporting
- Consolidation
- Flexibility
- Cash
- Customisations
Tax-aware trading
Advanced CGT Reporting
- Consolidated tax reports that show gains/losses, CGT discount eligibility, franking credits, and all reportable distribution components
- Industry-best unrealised reporting providing the insights you need to sell underperforming assets to offset capital gains
- Helps advisers guide client decisions, especially in pension phase or across entities
Individual tax treatment for all assets
- Consolidate custody and non-custody with individual tax treatment for all assets
- Separately Managed Accounts (SMAs) where the investor owns the underlying assets directly, enabling tax optimisation tailored to each client
- Managed assets can be consolidated with non-custodial assets for whole-of-wealth reporting from the one platform
Entity Flexibility
- Support for SMSFs, family trusts, companies, and individuals with entity-specific tax rules
- Choose to hold income-producing assets in super vs capital growth assets in an investor directed portfolio service (IDPS), managed accounts, and trusts
- Advisers can match investment solutions to each client’s structure for optimal outcomes
Cash & Income Management
- Income management using franking credits, minimising non-deductible income, or distributing income across entities/family members
- Contribution and withdrawal planning, especially in superannuation, where timing can significantly affect tax outcomes
Unique portfolio customisations
- Adviser-driven or algorithm-driven portfolio filters (e.g. exclude CGT-unfriendly stocks)
- Tools to avoid triggering unnecessary tax events during transitions or rebalances