Powerwrap acquires MWH Capital

mergers and acquisitions advisers chief executive

21 March 2013
| By Staff |
image
image
expand image

Independent platform provider Powerwrap has acquired financial services firm MWH Capital in an effort to tap into the growing personal investment and broker markets. 

MWH Capital has a clearing and execution agreement in place with Pershing Limited, a subsidiary of BNY Mellon.  

MWH Capital managing director Mitchell Hurley said conditions within the institutionalised broking industry were creating adviser uncertainty and "pushing advisers to reconsider how they can best serve their clients". 

"Platforms are underutilised and often misunderstood in broking," he said. 

Powerwrap chief executive Cormac Heffernan said the acquisition would allow Powerwrap to combine the strength of broker execution capabilities with a platform structure in order to offer an end-to-end solution for advisers and brokers.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 weeks ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month 1 week ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 5 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

1 week 1 day ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

1 week ago