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PRAEMIUM
Funds management
While acknowledging the strategic benefits of a $785 million merger with Netwealth, Praemium believes the current proposal undervalues its business and is not in the best...
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
The asset manager has launched its first separately managed account in partnership with Praemium....
Funds management
Praemium’s platform inflows were up 111% during the FY21 but its profit and EBITDA were down thanks to costs associated with acquiring Powerwrap....
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. ...
Financial planning
The managed account platform believes its international operations is at a scale disadvantage to its competitors and is looking to divest through a formal sale process....
People & Products
HUB24’s head of strategic sales, Shane Muscat, will join Praemium in the same role; while Dale Wright has been added to the southern region sales team....
Funds management
Exposure to the three leading wealth platform stocks has helped the Pengana Emerging Companies fund so far this year as smaller players outpace traditional bank-owned pla...
Funds management
Praemium has reported record growth in funds under advice to $34.3 billion for the half-year ending 31 December 2020. ...
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....
Financial planning
Onboarding time has been reduced, as well as the need for double entry of client information in statements of advice....
Financial planning
Praemium has taken control of the wealth management platform, following it’s off-market transfer which will be 100% completed by November....
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...