Powerwrap teams up with US platform provider

partnership/Powerwrap/Alternatives/

18 May 2020
| By Oksana Patron |
image
image
expand image

Wealth management platform provider, Powerwrap, has announced it has entered into a strategic partnership with the US-based alternative investments platform provider, Qualis Capital. 

Under the terms of the agreement, Powerwrap was appointed for a minimum of five years as the platform’s administration partner for all of its funds and regions globally and, as a part of this role, it would be responsible for distributing funds offered by the Qualis Capital platform in Australia. 

The firm said in the announcement made to the Australian Securities Exchange (ASX) that the partnership followed the results of the Powerwrap/ Investment Trends HNW Investor Report, which was released towards the end of the last year, and found  a growing demand for access to alternative assets. 

The Qualis Capital platform would offer a menu of hedge funds, private equity, real estate and private credit funds for investment by sophisticated investors and was expected to include around 50 funds, with the further goal of increasing the number to 100 funds over the next 12 months. 

“Advisers are seeking investments choices that will deliver returns for sophisticated investors in this low interest rate environment,” Powerwrap’s chief executive, Will Davidson, said. 

“Alternative assets can fit this brief, and Powerwrap, with more than $1 billion of investments in this class, is the leading Australian platform in the alternatives segment.” 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 1 week ago

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

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 2 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks 1 day ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 2 days ago

TOP PERFORMING FUNDS