Praemium scores another wrap
Financial planners working under the Macquarie Equities umbrella are to get access to Praemium’s portfolio administration service V-Wrap.
Praemium announced on the Australian Stock Exchange today that it had signed an agreement with Macquarie under which it would provide the V-Wrap service to Macquarie Equities for use by Macquarie advisers who provide portfolio management and related services to their clients.
Commenting on the deal, Praemium’s national sales and marketing manager Warren Gibson said it had followed an extensive pilot and testing program.
He said the company had previously supplied the service to a small number of Macquarie advisers who had taken up V-Wrap because of existing client relationships.
AUTHOR
Mike Taylor
Recommended for you
Disgraced adviser Joshua Fuoco described himself as the “biggest monkey” at AFSL Group and provided financial advice via WhatsApp, all while being banned for 10 years, court documents show.
The Compensation Scheme of Last Resort has released the FY26 revised levy estimate, but the FAAA is concerned costs will be pushed into the following year.
Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens.
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
