Financial advisers Craig Emanuel and Tim Whybourne, who previously worked at investment bank Morgan Stanley, have launched a new private wealth manager in Australia.
Operating as Emanuel Whybourne, the new firm targets HNW and UHNW clients and oversees around $750m in assets.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Powerwrap CEO Will Davidson said: “We provide a very broad investment universe including alternative assets. We can execute on all asset types and provide consolidated reporting on all assets.
Powerwrap will offer platform administration and reporting services to the new firm.
At the same time, it will offer access to various asset classes such as domestic and international fixed income and listed securities, model portfolios and alternative assets.
Craig Emanuel said: “Both Tim and I are passionate about helping our clients achieve their investment goals. Our views are aligned in terms of the service we want to deliver and how we can help our clients protect and build their wealth.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“We selected Powerwrap as our platform provider largely due to their ability to manage the complexity of our client portfolios.”
Recent M&A deals in Australia
The Australian financial services sector has seen many major deals this year.
The most recent of them is Australian fund manager Perpetual’s agreement to acquire 75% stake in Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley).
Earlier this year, Perpetual also entered into an agreement to buy 100% of ESG investment firm Trillium Asset Management.
In another key development this year, wealth tech firm Iress signed a scheme implementation agreement to buy 100% of the shares of managed fund provider OneVue.
Meanwhile, Commonwealth Bank of Australia agreed to sell a 55% stake in Colonial First State (CFS) to investment firm KKR.
