Naoumidis departs as Praemium CEO
Arthur Naoumidis has resigned as chief executive of financial services platform provider, Praemium.
The company announced to the Australian Securities Exchange (ASX) today that Naoumidis, the company’s founder, had resigned with immediate effect.
The company said that Naoumidis would be succeeded by Michael Ohanessian. Naoumidis, the company's largest shareholder, will provide consultancy and advice.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.