Praemium wraps Macquarie CMA
Financial services platform provider Praemium Limited has added the Macquarie Cash Management Account to its personal investment wrap, Smartwrap.
The company has told the Australian Securities Exchange the move was aimed at financial advisers who had expressed a strong preference for the Macquarie product.
Commenting on the move, Praemium Group chief executive Arthur Naoumidis said it had always been the company’s intention to expand the cash product suites in Smartwrap and he believed the inclusion of the Macquarie product would only strengthen the product’s position in the marketplace.
AUTHOR
Mike Taylor
Recommended for you
Original bidder Bain Capital, which saw its first offer rejected in December, has returned with a revised bid for Insignia Financial.
Preliminary results from Wealth Data for the 2024 calendar year have unveiled which licensees reported the highest growth and losses in adviser numbers.
As Capgemini recommends artificial intelligence be used for hyper-personalised advice strategies, two professionals explore the impact it is having on advisory practices.
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
