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Showing 1 - 10 of 113 results for "Powerwrap"

Praemium reaches $78bn in FUA with HNW focus

MATTHEW WAI  |  WEDNESDAY, 22 JUL 2026
... engagement across broader Praemium solutions." Throughout FY26, 330 new investment options were also added to the Spectrum, Powerwrap and separately managed account (SMA) investment menus. Commenting, Praemium chief executive Anthony Wamsteker said the ...

APRA investigating Diversa's executive compensation

RIDDHIMA TALWANI  |  THURSDAY, 25 JUN 2026
... due diligence before allowing its members to invest and failing to conduct adequate ongoing monitoring. Members of the Powerwrap Fund, Praemium Fund, and MAP Master Superannuation Plan together with its sub-plans, YourChoice Super and AusPrac, were exposed ...

Diversa drags Praemium into First Guardian lawsuit

KARREN VERGARA  |  TUESDAY, 23 JUN 2026
... Guardian legal saga, having been thrown in the mix by Diversa Trustees. Praemium this morning announced, together with Powerwrap and One Vue Wealth Services (OVWS), it received notices of a cross-claim from Diversa Trustees relating to ASIC's proceedings ...

OneVue adviser exits dents Praemium's FUA

KARREN VERGARA  |  MONDAY, 23 FEB 2026
... $3.6 billion, raking in $1.4 billion of new business gross inflows since launching in October 2024. "Praemium SMA and Powerwrap platforms both had strong net inflows for the half year and recovered from the high level of past adviser exits which had ...

Praemium governance executive joins MST

ELIZABETH FRY  |  THURSDAY, 8 JAN 2026
... where he led the investment governance team responsible for appointing and monitoring all securities on the Praemium and Powerwrap platforms. It is understood his role will be filled by investment analyst Elisha Cheah, a former Mercer staffer. Before ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA  |  TUESDAY, 9 DEC 2025
... due diligence before allowing its members to invest and failing to conduct adequate ongoing monitoring. Members of the Powerwrap Fund, Praemium Fund, and MAP Master Superannuation Plan together with its sub-plans, YourChoice Super and AusPrac, were exposed ...

First Guardian shaves $286m off Praemium FUA

MATTHEW WAI  |  TUESDAY, 21 OCT 2025
... FUA. Praemium SMA also recorded net inflows of $237 million over the same period, lifting FUA to $13.6 billion, while Powerwrap delivered $131 million of net inflows with FUA now reaching $14 billion, "reflecting renewed adviser engagement and stabilisation ...

Powerwrap drags Praemium performance, SMAs shine

KARREN VERGARA  |  MONDAY, 25 AUG 2025
... delivering 14% growth to $12.9bn in FUA this year," Praemium chief executive Anthony Wamsteker said. "The acquisition of Powerwrap in 2020 added IDPS functionality, deepening our support for investor choice. This evolution culminated in the launch of ...

Praemium reports FUA increase to $64.3bn

ELIZA BAVIN  |  TUESDAY, 22 JUL 2025
... product gap which we believe was preventing us from achieving the full potential of our high-quality technology offering." Powerwrap experienced the highest new outflows for the quarter of $700 million due to transitioning advisers. "The rate of outflow ...

OneVue, Spectrum drive Praemium to record FUA

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... executive Anthony Wamsteker said. Meantime, separately managed accounts gained 10% with FUA coming in at $12.3 billion, and Powerwrap's FUA grew marginally to $13.3 billion, up 2%, but also had net outflows of $66 million. A further $32.3 billion is ...
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