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ANTHONY WAMSTEKER
Financial planning
Departed advisers from wealth manager Escala Partners has significantly contributed to outflows of $251 million from Powerwrap for Praemium....
Financial planning
Praemium has seen its highest net inflows in over two years for Q2 FY25 as its Powerwrap platform returns to inflows after five consecutive quarterly outflows....
Financial planning
Praemium has said it is open to investing in artificial intelligence “in a big way” as it believes it can transform the business and details how it is already being used ...
Financial planning
In the firm’s financial results for the three months to 30 September, the platform reported quarterly inflows of $139 million as adviser outflows lessened. ...
Financial planning
Praemium has seen net outflows of $414 million over the June quarter with Powerwrap outflows eight times higher than the previous quarter, and the platform expects this t...
People & Products
Technology platform Praemium expects to be able to grow FUA on the OneVue platform by 50 per cent to $6 billion within 18 months of its acquisition....
Financial planning
Inflows to Praemium have decreased from almost $3 billion to $1.3 billion in the FY22–23 although positive market movements still helped the firm see a rise in funds unde...
Financial planning
Praemium has posted a 43% jump in its funds under advice in its half yearly earnings results while reporting a net loss after tax of $2.6 million....
Financial planning
There is a reluctance from high net worth Australian investors to use investment advisers and an unmet advice gap in inheritance and estate planning, and strategies to re...
Funds management
The platform provider is in the due diligence phase of its divestment of its international business and has posted $1.66 billion in net platform inflows for the September...
People & Products
Praemium adds business strategy to the responsibilities of its chief commercial officer, Mat Walker....
Financial planning
As the platform looks to focus on its domestic business, selling off the international business will be the first test of the tenure of new chief executive, Anthony Wamst...
People & Products
Interim chief executive Anthony Wamsteker will be made permanent, with a $600,000 base salary and up to a 50% performance bonus....
Financial planning
Praemium has reported quarterly inflows to amount to $1.2 billion while total funds under administration achieved record $41.7 billion. ...
People & Products
Anthony Wamsteker has been appointed as a non-executive director, while another non-executive director is being forced to step down due to an administrative error....
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MARKET INSIGHTS
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Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...