Press Releases

Praemium is pleased to announce the appointment of Richard Large as Chief Technology Officer (CTO). Richard will join the Executive Leadership team and will be responsible for developing and executing the company's technology strategy, and ensuring the company remains at the forefront of innovation in the platform industry.

Praemium has continued to close the gap between the top 3 platform providers in the Investment Trends 2022 Platform Competitive Analysis and Benchmarking Report, placing 1st in 14 sub-categories for platform functionality.

Australia’s High Net-Worth investors (HNWs) have many unmet advice needs, yet rising numbers of them are not seeking advice from financial advisers, preferring to go it alone or only use advisers to validate their own investment decisions, according to new research from Investment Trends.

Praemium has successfully completed the divestment of the International Business to Morningstar and announces payment of a special dividend.

Praemium has consolidated it's top 3 position in the annual Investment Trends Platform Competitive Analysis and Benchmarking Report 2021 with the greatest percentage gain of the top 4 platforms.

Praemium has announced it has entered into an agreement to sell 100% of its operations in the United Kingdom, Jersey, Hong Kong and Dubai to Morningstar in deal comprising cash of £35 million ($AUD 65.1 million), subject to completion adjustments.

Recent research commissioned by Praemium and undertaken by Investment Trends shows high net worth investors have grown significantly in number over the last year and are more bullish on the future direction of the stock market.

Praemium has expanded its machine learning and artificial intelligence capabilities to benefit users of its non-custodial Virtual Managed Account solution, by reducing human errors in data entry and improving data integrity.

Praemium has today announced it has integrated with Iress to make it easy for advisers to seamlessly initiate new Praemium applications from within Xplan.

Praemium has announced a takeover offer for Australian wealth management platform Powerwrap.