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Search ResultsShowing 1 - 10 of 85 results for "Powerwrap"
Praemium profit, growth up
ANNABELLE DICKSON  |  WEDNESDAY, 10 FEB 2021
... recorded a 113% increase in net profit after tax from the first half of 2020 to $3 million, following the acquisition of Powerwrap. In its half-year results, Praemium reported a 69% jump in funds under administration (FUA) to $34.3 billion with its Australian ...
Praemium sees benefits of scale
ELIZA BAVIN  |  WEDNESDAY, 13 JAN 2021
Praemium saw a sharp rise in the December quarter as a result of its acquisition of Powerwrap, showcasing the benefit of increased scale. The platform saw a 69% increase year-on-year in global funds under administration (FUA), lifting the business to ...
Praemium develops relationship with US platform
KANIKA SOOD  |  MONDAY, 30 NOV 2020
... platform offers sophisticated investors funds in private equity, real estate, private debt and hedge funds. In May, Powerwrap signed an administration partnership with Qualis and also became its exclusive distributor in Australia. Praemium this morning ...
Praemium board bungle
ANNABELLE DICKSON  |  MONDAY, 23 NOV 2020
... non-executive director of the platform provider has been forced to step down following an administrative error, while the former Powerwrap chair has been appointed to the board. Claire Willette has stepped down as a non-executive director after her re-election ...
Powerwrap exec jumps to Insync
ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
The head of distribution at Powerwrap has moved into a new executive role at Insync Funds Management. Following Powerwrap's acquisition by Praemium, Wes Gillett has been appointed national distribution manager at Insync. Gillett was head of distribution ...
Powerwrap delists, Praemium takes over
ANNABELLE DICKSON  |  MONDAY, 12 OCT 2020
Managed accounts platform Powerwrap has de-listed from the ASX and its chief executive and board have stepped down following the acquisition by Praemium. In the next move of the off-market takeover, Praemium made payment of the 94% in acceptances on ...
Praemium to acquire remaining Powerwrap shares
ALLY SELBY  |  MONDAY, 21 SEP 2020
Praemium is set to add to its 92.31% stake in Powerwrap , as it moves to acquire its outstanding shares on issue. Compulsory acquisition notices will be dispatched to Powerwrap shareholders tomorrow, Praemium says, unless they accept the offer by 7.00pm ...
Morgan Stanley duo establishes advice boutique
KANIKA SOOD  |  THURSDAY, 20 AUG 2020
... worked as an associate adviser initially at Morgan Stanley with the two. The firm will use HNW-focussed platform provider Powerwrap for platform administration and reporting services. Powerwrap will also provide access to traditional assets, model portfolios ...
Praemium shows growth in crisis
ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... 80% Protected range of funds." The platform provider said it is now focused on completing the conditional takeover of Powerwrap , announced in July. It said the acquisition will complement the existing business' growth strategy and product suite, with ...
Platforms reveal merger details
ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
Powerwrap has released its target statement recommending its shareholders accept the off-market takeover offer moves forward with Praemium. The target statement prices Powerwrap at 29.75 cents per share based on a price of 44.50 cents per Praemium Share ...
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