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Showing 1 - 10 of 11 results for "Virtual Managed Account"

Powerwrap bleeds $334m in outflows

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2024
... $10.4 billion was up 16%. The SMA offering recorded quarterly net inflows of $159 million. Meanwhile, the Virtual Managed Account Solution and Administration Services (VMAAS) grew at the same rate of 16% to end at $25.3 billion. "Inclusive of the core ...

Praemium secures Mercer mandate

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
Praemium has entered into a new administration services agreement with Mercer, providing its Virtual Managed Account (VMA) solution and administration services (VMAAS) to the investment giant. As part of the agreement, Mercer will receive end-to-end ...

Praemium improves non-custodial solution

ANNABELLE DICKSON  |  WEDNESDAY, 21 JUL 2021
... artificial intelligence capabilities to improve the user experience of its $140 billion non-custodial Virtual Managed Account solution. Praemium has expanded machine learning which has been able to identify transactions that may have been incorrectly ...

HUB24, Netwealth top platform rankings

JAMIE WILLIAMSON  |  MONDAY, 22 FEB 2021
... non-custodial functionality varies significantly across platforms, with Investment Trends saying Praemium's Virtual Managed Account (VMA) is currently the most comprehensive solution. "Other platforms are also providing strong competition, with HUB24's ...

Powerwrap to merge with Praemium

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
Praemium this morning advanced a $55.6 million bid to acquire Powerwrap in an off-market conditional takeover priced at about 26.55 cents per share. The two parties have entered a bid implementation agreement dated July 9. The bid has been unanimously ...

JBWere to continue using Praemium

KANIKA SOOD  |  TUESDAY, 7 JUL 2020
JBWere has extended its agreement with the ASX-listed platform business to provide reporting and non-custodial administration for the private banking giant's wealth management client portfolios. JBWere will continue using Praemium for another two years. ...

Praemium adds Chi-X products

HARRISON WORLEY  |  MONDAY, 27 APR 2020
From today, financial advisers using Praemium have access to Chi-X's suite of funds, TraCRs and warrants. Praemium has become the latest wealth management platform to recognise the popularity of Chi-X's range of products, after Powerwrap made the firm's ...

Praemium expanding in UK, growing managed accounts

ELIZABETH MCARTHUR  |  MONDAY, 10 FEB 2020
Listed platform Praemium's half yearly results included an update about its UK business and its virtual managed accounts portfolios. The virtual managed accounts had a strong uplift, contributing to platform revenue being up 22%. Praemium's Virtual ...

Praemium FUA skyrockets

KARREN VERGARA  |  TUESDAY, 13 AUG 2019
... accounts service. The ASX-listed platform's FUA shot up 108% in FY19 as a result of launching the Virtual Managed Account Administration Service nearly two years ago, a service which helps advisers manage clients' off-platform assets directly ...

Cashwerkz, Praemium ink deal

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... login, before they are identified and provided with a configuration code to link them to the Praemium virtual managed account platform and their client data.
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