Praemium’s funds under administration rocket past A$8bn
Australian platform Praemium announced that gross inflows of A$760m over the last quarter have driven funds under administration to A$8.3bn (€5.2bn, £4.6bn, $6.1bn).
Praemium secures regulatory approval to launch UAE funds
Australian investment platform Praemium has launched five investment funds in the UAE, as it prepares to set up shop in the Dubai International Finance Centre (DIFC).
Aussie Royal Commission: How did we get here and what’s next?
The Royal Commission has shaken consumer confidence in Australia’s wealth market to its core. For Michael Ohanessian, chief executive of Aussie platform Praemium, the key question is: “So, how did we get here?”
PEOPLE MOVES: Schroders, Intrinsic, RBC Wealth Management
Schroders has confirmed the departure of a long-standing director in the Middle East, while OId Mutual Wealth’s adviser network Intrinsic has appointed an operations director and RBC Wealth Management targets adviser relationships with its latest recruit.
Praemium funds hit A$7.8bn despite tough market
Amid sharp declines in equity markets, Australian investment platform Praemium reported its third highest gross inflows on record and saw funds under administration rise 5.2% to A$7.8bn (£4.25bn, $6bn, €4.9bn) during the first quarter of 2018.