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Showing 41 - 50 of 341 results for praemium

Former industry fund chief in new role

ELIZABETH FRY  |  FRIDAY, 13 SEP 2024
... Opportunities Fund, which is available via platforms including Netwealth, uXchange, Mason Stevens, Hub24 and BT Panorama, Praemium and AMP North," he said. "I have watched with interest as the group has expanded into alternative assets, including dairy ...

Rising HNW numbers fuel need for specialist advice

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
... investment strategy advice. About 690,000 Australians are now considered HNWs, up from 635,000 last year, new insights from Praemium and Investment Trends show. Collectively, they manage $3.4 trillion in investable assets, up from $2.98 trillion in 2023 ...

Praemium revenue grows to $85m

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
Praemium released its full year results, flagging a 12% increase in revenue to $84.9 million for the year ending June 30. Praemium said underlying expenses rose to $61.3 million, up 20% on FY23, due to increased IT and risk mitigation costs. "The latter ...

SSGA expands risk-based ETF model portfolios

ELIZA BAVIN  |  WEDNESDAY, 17 JUL 2024
... to include a new High Growth investment option. The High Growth model will be available to financial advisers on the Praemium, HUB24 and Netwealth platforms this month. It will complement SSGA's three existing risk-based portfolios - Moderate, Balanced ...

Iress breach extends to OneVue business

JAMIE WILLIAMSON  |  WEDNESDAY, 15 MAY 2024
... OneVue production environment which does contain client data. In February, the OneVue platform business was acquired by Praemium. In response to the news, Praemium assured investors the breach only relates to the OneVue business and that no other Praemium ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... like AustralianSuper and Australian Retirement Trust included alongside smaller players like AMG Super, Netwealth and Praemium. Despite her comments on scale, Constant said there was no evidence found to suggest that the size of funds influenced their ...

Advisers urged to capitalise on HNW interest in alternatives

ANDREW MCKEAN  |  THURSDAY, 2 MAY 2024
... returns and superior yields in an environment where traditional investments may underperform, according to a report by Praemium and CoreData. As the range of investment opportunities in alternatives assets continues to grow, the asset class is poised ...

Praemium loses $700m due to adviser transitions

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
Praemium is feeling the pressure from financial advisers moving advice groups and transitioning their clients away from Powerwrap. In its March quarterly update, Praemium chief executive Anthony Wamsteker said the Powerwrap scheme experienced $53 million ...

HUB24 hits $100bn milestone

KARREN VERGARA  |  TUESDAY, 16 APR 2024
... the June quarter. Investment Trends named HUB24 as the best full-function platform in 2023, narrowly beating Netwealth. Praemium, BT Panorama, and Mason Stevens were also recognised for superior platform functionality. The report also commended AMP North ...

Iress sells mortgages arm to Bain Capital

ANDREW MCKEAN  |  FRIDAY, 15 MAR 2024
... be completed by the middle of the year. The transaction follows Iress offloading its platform business last month to Praemium for $1 million cash and additional $20 million over 18 months if certain milestones are met. Last year, Iress also sold its ...