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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....
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....
People & Products
Interim chief executive Anthony Wamsteker will be made permanent, with a $600,000 base salary and up to a 50% performance bonus....
Financial planning
Praemium has reported quarterly inflows to amount to $1.2 billion while total funds under administration achieved record $41.7 billion. ...
Funds management
Praemium has reported record growth in funds under advice to $34.3 billion for the half-year ending 31 December 2020. ...
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....
Financial planning
Praemium has taken control of the wealth management platform, following it’s off-market transfer which will be 100% completed by November....
Financial planning
Powerwrap has announced it has entered into an agreement with new wealth management boutique Emanuel Whybourne. ...
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...
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...
Funds management
Powerwrap has posted inflows for the June quarter despite expected net flows not occurring due to the COVID-19 pandemic. ...
Financial planning
Praemium has moved to acquire PowerWrap to create one of Australia’s largest independent specialist platform providers....
Funds management
Powerwrap has secured a strategic partnership with alternative investment platform provider, Qualis Capital. ...
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