Powerwrap will now use SQM Research ratings to assist its adviser client base in the investment screening process, according to a statement from the research house.
SQM Research managing director Louis Christopher said the collaboration will “benefit investors and advisers seeking greater information about investment products”.
“Powerwrap is one of Australia’s fastest growing non-aligned platforms, which is a perfect fit for us,” he said.
“The deal helps to ensure investors are truly receiving a solid range of investment choice and transparency, enabling them to make more informed and more suitable investment decisions,” Mr Christopher said.
Powerwrap chief executive Cormac Heffernan added that SQM’s research is an “important addition” to the market.
“Our clients tend to be independent and place a high value on investment choice,” he said.
“SQM’s research offering helps us to offer a wider range of product within our super fund which is great news for our clients,” Mr Heffernan added.
According to Mr Christopher, the companies are exploring further opportunities regarding the use of SQM’s residential property data and valuations.
