PPM launches SMAs onto Powerwrap meeting adviser demand

Private Portfolio Managers Pty Limited (PPM) broadens its managed accounts offering to include SMAs, to meet the growing adviser demand for access to a manager with a proven track record in delivering client focussed portfolios across both global and Australian equities.

PPM has long standing relationships with a number of the Powerwrap advisers and has selected the platform to launch the first in a series of SMA strategies. Initially, PPM has made their flagship Australian Equities IMA portfolio available on Powerwrap’s super and non-super platform.

Commenting on this, Powerwrap’s Richard Carr said he “was pleased to have been selected by PPM for the launch of their SMA. The addition of PPM to our Smartwrap offering is in line with our focus on delivering on of the widest range of investment choices to our clients. We are confident advisers will welcome the addition of the PPM SMAs.

Hugh MacNally Chairman of PPM said ‘Launching SMA strategies on the Powerwrap platform allows us to extend the options available for financial advisers and investors to access our investment strategies.“

PPMs has a proven capability in building and managing concentrated share portfolios in an IMA structure generating superior long-term, tax effective returns. Launching the SMA structure is seen as a natural extension for PPMs growth plans.