POWERWRAP

Financial planning

Praemium’s Powerwrap platform experienced net outflows of $53 million as advisers continued to transition, bringing total gross outflows from these transitioning advisers...

Funds management

Licensee switching by advisers has led Praemium to report $334 million in net outflows in the December quarter on its ultra-high net worth platform Powerwrap with the rat...

Financial planning

Praemium has posted a 43% jump in its funds under advice in its half yearly earnings results while reporting a net loss after tax of $2.6 million....

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Funds management

Praemium’s platform inflows were up 111% during the FY21 but its profit and EBITDA were down thanks to costs associated with acquiring Powerwrap....

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People & Products

Interim chief executive Anthony Wamsteker will be made permanent, with a $600,000 base salary and up to a 50% performance bonus....

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Financial planning

Praemium has reported quarterly inflows to amount to $1.2 billion while total funds under administration achieved record $41.7 billion. ...

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Funds management

Praemium has reported record growth in funds under advice to $34.3 billion for the half-year ending 31 December 2020. ...

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People & Products

Anthony Wamsteker has been appointed as a non-executive director, while another non-executive director is being forced to step down due to an administrative error....

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Financial planning

Praemium has taken control of the wealth management platform, following it’s off-market transfer which will be 100% completed by November....

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Financial planning

Powerwrap has announced it has entered into an agreement with new wealth management boutique Emanuel Whybourne. ...

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Funds management

Praemium has reported a 42% increase in pre-tax profit from $5.4 million a year ago to $7.7 million in the FY2020 but a client transition meant funds under administration...

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Funds management

US-based fund manager, GQG Partners, has announced it has been awarded a $20 million allocation from boutique investment advisory firm PlayfairTan to its global equity st...

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Funds management

Powerwrap has posted inflows for the June quarter despite expected net flows not occurring due to the COVID-19 pandemic. ...

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Financial planning

Praemium has moved to acquire PowerWrap to create one of Australia’s largest independent specialist platform providers....

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Funds management

Powerwrap has secured a strategic partnership with alternative investment platform provider, Qualis Capital. ...

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