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Showing 11 - 20 of 110 results for "Powerwrap"

Praemium sees record earnings jump

CHLOE WALKER | MONDAY, 27 FEB 2023

... made up of $20.9 billion on its platform (up 7%), $9 billion in separately managed accounts (up 11%), $12 billion on Powerwrap (up 11%), and $21.8 billion in non-custodial holdings (up 4%). Despite the growth, it recorded a 53% decline in overall inflows ...

Praemium extends partnership with largest client

CHLOE WALKER | TUESDAY, 14 FEB 2023

Praemium's wholly owned subsidiary Powerwrap has renewed its partnership with Escala Partners for a further six years. Escala Partners is Praemium's largest client, with approximately $7 billion of funds under administration on the Powerwrap platform. ...

Praemium takes 53% hit to inflows

CASSANDRA BALDINI | MONDAY, 23 JAN 2023

... (SMA) increased by 11% to $9.0 billion from $8.1 billion. "The December quarter of the 2023 financial year has seen both Powerwrap and Praemium's SMA scheme continue to generate positive net flows," Wamsteker said. "The SMA is our cornerstone product ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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