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Showing 1 - 10 of 97 results for "Powerwrap"

AMG Super hires to distribution team

CHLOE WALKER  |  THURSDAY, 5 MAY 2022
AMG Super has appointed the former head of distribution at Powerwrap to a business development role. Richard Carr is joining the super fund as a business development manager, based in Melbourne. In this role, he will oversee distribution in Victoria ...

Record FUA, revenue for Praemium

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... million loss after achieving a $2.8 million profit in the prior corresponding year. The results reflect the performance of Powerwrap, which was acquired in 2020. Praemium is in the process of selling its international business to Morningstar for $65.1 ...

Praemium reports key milestone achievement for 2021

CHLOE WALKER  |  MONDAY, 17 JAN 2022
... About$8.5 billion of this went into the Praemium SMA scheme, up 39% compared to the prior year, and $12.6 billion was in the Powerwrap scheme, up 22% compared to the prior year. "We are delighted to report continued outstandring momentum this quarter ...

Bitcoin exposure added to platform

ANNABELLE DICKSON  |  WEDNESDAY, 10 NOV 2021
... bitcoin, has launched through Praemium. The Monochrome Bitcoin Fund (MBF) is available to wholesale investors through the Powerwrap product suite. MBF provides access to a pure bitcoin fund via an IDPS-like scheme, supported with complementary research ...

Praemium rejigs executive team

ANNABELLE DICKSON  |  TUESDAY, 7 SEP 2021
... jumped 6% to $12.5 million. The Australian platform FUA recorded 223% growth to $18.38 billion which is attributed to the Powerwrap acquisition. Inflows were up 149% at $2.6 billion. "With the acquisition of Powerwrap and investment in sales, service ...

Praemium FUA doubles, profit slips

ANNABELLE DICKSON  |  MONDAY, 16 AUG 2021
... dropping 1% to $14 million. The Australian platform FUA recorded 223% growth to $18.38 billion which is attributed to the Powerwrap acquisition. Inflows were up 149% at $2.6 billion. Meanwhile, the international platform, which is up for sale, recorded ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
... the role permanently on August 16. Wamsteker is the founding chief executive of ME Bank and chaired platform business Powerwrap, which Praemium bought last year. He has been on Praemium's board since November 2020. "At a time of heightened industry ...

Platform FUM grows

ANNABELLE DICKSON  |  FRIDAY, 16 JUL 2021
... Elsewhere, Praemium recorded 223.7% growth to $16.9 billion and HUB24 was up 135.7% to $35.6bn a result of their mergers with Powerwrap and Xplore Wealth respectively. Despite the strong growth, the platform industry recorded net outflows of $55.1 billion ...

Milford lowers fees

ELIZABETH MCARTHUR  |  THURSDAY, 1 JUL 2021
... international equities and cash. It is available on BT Panorama, BT Wrap, HUB24, IOOF, Macquarie Wrap, mFund, Netwealth, PowerWrap and Praemium. In May, Milford bolstered its distribution team hiring a head of wholesale distribution - Murray Pell - from ...

Praemium chief executive exits

ANNABELLE DICKSON  |  FRIDAY, 21 MAY 2021
... board was then terminated and Ohanessian was reinstated as chief executive. Since then, he oversaw the acquisition of Powerwrap which led to a 96% increase in global funds under administration. For the March quarter, the Australian platform FUA increased ...
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