Præmium pro factis

Products & Services

Features of V-Wrap

• Single view of client's position
• Daily pricing
• Records all types of investment in any tax wrapper
• Full range of reports
• Corporate action reconstruction
• Capital gains reporting & management
• Online access for client and adviser
• Branding

Single view of the client's position

Advisers and their clients have access to an up-to-date view of all the investments under advice or administration on the one screen.

Providing flexibility for the adviser to decide how to group clients and assets together, V-Wrap enables portfolio views to be adjusted to show assets for an individual client's portfolio or group assets together for related clients e.g. a married couple, a series of trusts or the whole family.

Portfolio positions are recalculated at the close of business each day to provide an accurate and up-to-date view of each portfolio. This includes cost base, current value, gains/losses, corporate actions and estimated income and yield for each asset. You can then easily drill down into each investment to reveal historic transactions, performance and tax reports.

Top of page

Record all types of investment in any tax wrapper

V-Wrap caters for individual, joint, trust, company and partnership tax entities. All types of investments can be recorded on the platform including:

• Direct Equities
• OEICs and Unit Trusts
• Investment Trusts
• Bonds
• Cash
• Venture Capital Trusts
• Enterprise Investment Scheme
• Futures & Options, etc.

Top of page

Daily pricing

Daily pricing feeds for equities and managed funds ensure portfolio valuations are kept up-to-date. Where daily pricing feeds are not available, prices can be manually updated by the user.

As with all investment platforms, some administrative input is required to ensure all asset details are as accurate as possible. Depending on the service you provide as well as the types of assets your clients hold, V-Wrap can help you achieve a medium to high level of automation.

Authority may be given to executing brokers to send copies of contract notes to Præmium which are then uploaded electronically into V-Wrap, saving many hours of data entry and increasing accuracy.

Top of page

Full range of reports

Built around a core accounting-strength tax engine, V-Wrap transcends traditional wrap platforms by providing superior investment and tax reporting features. V-Wrap's ability to integrate with external service providers helps Præmium collect transactional and position data to enable the generation of reports more efficiently and accurately.

Reports include:

• Portfolio valuation
• Transaction history
• Performance
• Income
• Realised and unrealised CGT
• Consolidated tax-reports
• Cash

Reports can be produced in a variety of formats, branded with the adviser firm's name, including Word, PDF and Excel.

Performance reporting

• Option to view performance for the entire portfolio or by each holding
• Shows the gross gain and loss for the selected period
• Measures against the benchmark of your choice
• See relative contributions of each asset to performance and income
• Takes into account realised and unrealised gains, income and distributions throughout the year
• Takes into account dividend tax credits

Income reporting

• Includes all forms of income generated by the portfolio
• View an income summary for each asset, or a list of taxable income transactions
• Automatically records declared income based on the number of shares/units held at each particular date

Tax reporting

• Realised and unrealised capital gains reports
• Consolidated tax summary showing all realised/unrealised gains, income and expenses for all taxable assets
• Tax reporting functionality can be made available to the client's accountant or for the client to use for their self assessment

Top of page

Corporate action reconstruction

To generate meaningful capital gains and performance reports, the full transaction history of a portfolio must be known. V-Wrap's advanced tools, including its extensive database of corporate action histories, simplify this process by enabling transaction histories to be reconstructed quickly and efficiently.

• Current portfolio holdings are entered with their historic market trades
• V-Wrap processes chronological transactions incorporating historical corporate actions
• Compare V-Wrap's reconstructed portfolios with the current portfolios to identify holding mismatches

Once a portfolio is established, V-Wrap applies new transactions, corporate actions and re-values each portfolio daily.

Automated transaction processing, tax and performance reporting are all core functions of V-Wrap. The platform automatically takes into account tax free, tax deferred and distributed CGT income components for listed securities and managed funds when calculating CGT positions.

Top of page

Capital Gains Reporting & Management

Central to V-Wrap is its CGT optimisation capability. By overlaying the unrealised position of the portfolio against the realised position V-Wrap enables the adviser to run ‘What if?' scenarios to assess the impact of recommendations before they are made. To make this easier to review, client assets are segmented into taxable and non-taxable views of the portfolio.

V-Wrap will take into account all corporate actions including:

• Share splits and other reconstructions
• Demergers/mergers
• 30 Day Rule
• Large/Small Capital Returns
• Privatisation Bonus Shares
• Bonus rights
• Rights issues
• Dividend Reinvestments (before and after 1998)

Whenever there are any changes to CGT legislation, Præmium will ensure the necessary updates are implemented into V-Wrap to maintain the accuracy of your tax management.

Top of page

Online access

V-Wrap is a professionally managed online service incorporating system support, security or version control.

Access to the platform is provided through a secure login to ensure that client data is secure and only accessible to authorised users. Advisers are also able to determine the appropriate level of access for each user from read only, data entry access or full editable access, as well as control which screens and reports are available. you control who has access to what information at all times.

V-Wrap also enables accountants, broker and solicitors to work with an adviser and have access to the client's up-to-date portfolio information to ensure that they are all best informed to provide advice to the client.

Top of page

Branding

V-Wrap can be rebranded using your colour scheme and logo to reinforce your brand to your clients. To access the platform, users can hot-link from your own website to a white-labelled login screen.

As V-Wrap is a service, not a product, the client need not see the Præmium name and should view the platform as a part of your service.

Top of page