Powerwrap provides 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.