Investment administration platform Powerwrap has launched a new execution-only trading facility, giving clients access to cheaper brokerage.
The new facility gives investors the ability to trade at off-platform brokerage rates and has no additional settlement costs.
“This is just the beginning; in the future trading on platforms should be the cheapest way to trade equities,” Powerwrap chief executive Cormac Heffernan said.
To coincide with the release, Powerwrap has improved its online platform to include a new report builder, which presents clearer data and allows for personalised report packs.
The release aims to provide clients with a transparent and integrated service of investment administration.
SUBSCRIBE TO THE IFA DAILY BULLETIN
11 Dec 2017Insurance engagement driven by advisersBy Jessica Yun
11 Dec 2017Kaplan pushes for new CPD regimeBy Staff Reporter
11 Dec 2017Senate approves AFCA billBy Annie Kane
11 Dec 2017Treasury reassess early super release rulesBy Miranda Brownlee
8 Dec 2017Dunsford embarks on acquisition huntBy Killian Plastow
8 Dec 2017ASIC reaffirms interest in reference check protocolsBy Killian Plastow
- view all