Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
09 July 2025 by Maja Garaca Djurdjevic

SEC clarity sets stage for Australia’s next crypto ETF push

Australia’s cryptocurrency ETF market could be poised for its next wave of development as US regulators open the door to a broader suite of digital ...
icon

Defence and precious metals top ETF charts in first half of 2025

Defence and precious metals have emerged as the strongest-performing ETF sectors over the past six months, fuelled by ...

icon

‘This is a new RBA’: Economists caught off guard by surprise decision

Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the ...

icon

Diversified strategies power double-digit super returns over volatile year

Brighter Super and Mercer Super have reported double-digit returns, crediting diversified strategies and long-term focus ...

icon

Institutional investors ‘aggressively’ buying into risk

Institutional investors have increased their risk exposure over June amid tempered levels of market volatility

icon

GQG warns of flow headwinds as funds lag benchmarks

Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund ...

VIEW ALL

Powerwrap set for product roll-out

  •  
By Christine St Anne
  •  
4 minute read

The independent platform provider is positioned to launch a number of products after signing an agreement with Praemium last year.

Powerwrap is set to launch a direct equities product and separately managed account (SMA) on the market.

The independent platform provider has also secured three clients who are also working with the provider to develop its products.

"We are currently working with three foundation clients to ensure that the direct equities product is well developed before we roll it out to the market," chief commercial officer Peter Rowley said.

The SMA is expected to be launched on the market by the end of the fourth quarter, he said.

 
 

Powerwrap's agreement with Praemium has enabled the firm to develop a consolidated wrap platform, according to Rowley.

In November 2007, the wrap provider signed an agreement with Praemium to provide V-Wrap and SMA technology to the platform.

"The technology has allowed us to customise our wrap account and allow us to now roll out products in direct equities and SMAs," he said.

The firm has also boosted its staff. Former Navigator executive Peter Rowley joined Powerwrap in March and Susan Foley was recently hired as chief governance officer.

Foley has 30 years of experience in the financial services industry, having worked for companies such as Vanguard and IOOF.