ANTHONY WAMSTEKER

Financial planning

Praemium has seen its highest net inflows in over two years for Q2 FY25 as its Powerwrap platform returns to inflows after five consecutive quarterly outflows....

Financial planning

Praemium has said it is open to investing in artificial intelligence “in a big way” as it believes it can transform the business and details how it is already being used ...

Financial planning

In the firm’s financial results for the three months to 30 September, the platform reported quarterly inflows of $139 million as adviser outflows lessened. ...

Financial planning

Praemium has seen net outflows of $414 million over the June quarter with Powerwrap outflows eight times higher than the previous quarter, and the platform expects this t...

People & Products

Technology platform Praemium expects to be able to grow FUA on the OneVue platform by 50 per cent to $6 billion within 18 months of its acquisition....

Financial planning

Inflows to Praemium have decreased from almost $3 billion to $1.3 billion in the FY22–23 although positive market movements still helped the firm see a rise in funds unde...

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....

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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...

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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...

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People & Products

Praemium adds business strategy to the responsibilities of its chief commercial officer, Mat Walker....

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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...

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People & Products

Interim chief executive Anthony Wamsteker will be made permanent, with a $600,000 base salary and up to a 50% performance bonus....

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Financial planning

Praemium has reported quarterly inflows to amount to $1.2 billion while total funds under administration achieved record $41.7 billion. ...

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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....

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People & Products

Powerwrap Limited has appointed founder and chief executive of Quadrant 2 Consulting, and former AMP executive, Donna Hardman to its board as a non-executive director....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago