The agreement is a breakthrough for Powerwrap, as AFS, which has $5.5 billion in funds under advice, is the first national dealer group to approve the platform. "We are very excited about having a quality, forward-thinking dealer group like AFS on board," Powerwrap chief executive Andrew Varlamos said.
"They have the third highest number of CFPs (certified financial planners) in the top 20 dealer groups and in that category they are the only dealer group 100 per cent owned by its advisers."
