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PRAEMIUM
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....
Features
Managed accounts have come a long way in the two decades that they have been growing in Australia, Liam Cormican writes, but the only thing holding them back is their com...
Funds management
The firm has reported $4.9 billion in annual inflows in calendar year 2021, 87% higher than the previous year....
Funds management
Praemium has sold its international operations in the United Kingdom, Jersey, Hong Kong and Dubai to Morningstar for $65.1 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...
People & Products
Monochrome Bitcoin Fund has been approved by the wealth management platform for its private wealth clients....
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....
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The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
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It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...