Powerwrap enters platform agreement with Wattle Partners

Powerwrap/Wattle-Partners/will-davidson/

8 January 2020
| By Chris Dastoor |
image
image
expand image

Powerwrap has entered into a platform agreement with Wattle Partners Private Wealth Managers, a private wealth advisory firm for high net worth (HNW) investors.

The agreement would have Powerwrap provide Wattle Partners’ investor clients with platform administration and reporting services over a range of asset classes, including domestic and international listed securities and fixed income, model portfolios and alternative assets.

Will Davidson, Powerwrap chief executive, said Wattle Partners needed alternative asset solutions for its HNW investors and this was the company’s unique strength.

“Our platform provides the widest range of alternative assets for investors in the Australian market, and we can provide consolidated reporting across all the assets in their portfolios,” Davidson said.

Jamie Nemstas, Wattle Partners director, said the Powerwrap offering would enable the firm to deliver a superior, more holistic service to its investor clients.

“We were looking for a platform partner that was aligned to the needs of our HNW clients, could deliver a high level of service and provide access to a wide menu of alternative investments. It made Powerwrap the obvious choice,” Nemstas said.

A number of new adviser groups had been added to the Powerwrap platform over the past months including Suetonius Wealth Management, Sanlam Private Wealth, Newport Private Wealth, Consilium Advice, Premium Advisory, SBA Advice and Lucerne.

Wattle Partners was based in Melbourne and had been operating since the 1990s.

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 3 weeks ago

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

2 months 4 weeks ago

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

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 5 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND