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Showing 1 - 10 of 110 results for "Powerwrap"

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 ...

Praemium FUA up 33% to $60bn

ELIZA BAVIN | TUESDAY, 22 OCT 2024

... realisation, technology and product transition and transitional services," Wamsteker said. Despite the mostly positive result, Powerwrap's gross outflows from transitioning advisers were around $1 billion for the financial year and continued in the September ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN | THURSDAY, 18 APR 2024

... Praemium is feeling the pressure from financial advisers moving advice groups and transitioning their clients away from Powerwrap. In its March quarterly update, Praemium chief executive Anthony Wamsteker said the Powerwrap scheme experienced $53 million ...

Powerwrap bleeds $334m in outflows

KARREN VERGARA | WEDNESDAY, 17 JAN 2024

Praemium's platform dedicated to the high-net-worth segment, Powerwrap, has lost $334 million in funds under administration (FUA) after a small number of financial advisers switched advice groups. The ASX-listed firm said the exit of advisers in the ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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