About us
Powerwrap - quicker, simpler, easier
Based on Praemium V-Wrap technology, Powerwrap offers seamless integration and a natural replacement for the existing wrap account providers used by Praemium’s existing customers. Powerwrap offers a single, integrated technology solution that not only delivers back office administration efficiencies to the planning practice, but one that also delivers significant portfolio value to the investor through the superior direct asset and tax management capabilities. For Praemium’s customers, Powerwrap offers a complete business solution based on the client’s preference for Praemium’s portfolio reporting technology.
Addressing a key problem in the market
Today, most financial planning practices either operate accounting services within the practice location, or they are highly reliant on relationships with accounting firms, for referral business.
For these clients, Powerwrap provides a common administration platform that forms a bridge between the financial planning and accounting functions, enabling both to operate together more efficiently.
By providing investment administration systems that integrate seamlessly with financial planning software and accounting software, Powerwrap offers a central point of data collection and systems functionality that both financial advisers and accountants can rely on.
By streamlining the flow of information between the adviser and the accountant, the three most time consuming tasks commonly associated with the preparation of tax returns are eliminated: (1) collating information; (2) obtaining missing or correct information; and (3) data entry.
Where existing wrap account providers primarily benefit the adviser, Powerwrap offers unique value to financial planners, accountants and investors by enabling:
1. The consistent delivery of projected risk-return outcomes to investors through the integration of client assessment, portfolio management and investment administration process.
2. Efficient trading, transaction and reporting at a cost and quality superior to the managed fund based wrap platforms, supporting the core value add of the advice market.
3. The operation of more efficient business processes between the financial planning and the accounting functions.
Market demand for this sort of efficiency is the very same thing that drove the growth of the master-trusts through financial advice markets in the early 90’s. The key difference now, is that the challenges aren’t born in isolation by the financial planner. They are challenges that the adviser and accountant face together, each as a distinctive part of the financial advice service bundle.