Anthony Wamsteker

raemium Limited has announced the commencement of an organisational restructure within its technology division following the acquisition of Technotia Laboratories in January 2026 –  a strategic investment designed to accelerate platform innovation, strengthen long‑term scalability and enhance technology performance.

The proposed restructure reflects the planned integration of Technotia’s specialist engineering, scientific and user experience capabilities into Praemium’s technology function. As part of this integration, Praemium is removing duplication across development, maintenance and infrastructure roles, enabling a sharper focus on platform capability, automation, reliability and execution velocity.

As announced to the ASX, the Company will be undertaking a consultation process with Australian employees in affected roles. The restructuring, once it has been implemented, is anticipated to reduce headcount by around 15% in Australia and result in the closure of our software development operations in Armenia by the end of the 2026 financial year.

Once implemented, the restructure is expected to deliver a meaningful reduction in the ongoing cost base of the technology division, while maintaining and strengthening Praemium’s overall investment in platform capability and innovation. Key personnel are being retained to ensure continuity of service for clients, while new capabilities are incorporated in a measured manner.

Anthony Wamsteker, CEO of Praemium, commented:

The acquisition of Technotia is a strategic investment in the future of the Praemium platform and a clear signal of our commitment to advanced scientific and technology capabilities. By embracing Technotia’s expertise, we aim to accelerate innovation, improve the speed and quality of delivery, and strengthen the technology foundation that supports advisers and their clients at scale.

This integration enhances our ability to deliver greater automation, reliability and platform enhancements, while ensuring investment is focused where it creates the greatest long‑term value.

While these decisions are difficult and we acknowledge the impact organisational change can have on our people — many of whom have contributed significantly to Praemium’s growth — we are confident this integration positions the business to continue evolving alongside the needs of modern advice practices”

The post Praemium accelerates platform innovation through Technotia integration appeared first on AdviserVoice.

Anthony Wamsteker

Praemium is pleased to announce that its flagship wealth solution, Praemium Spectrum, has surpassed $1 billion in organic inflows, with total funds under administration (FUA) now reaching $3.2 billion^[1] including the successful transition of assets from the OneVue acquisition.

Launched in October 2024, Spectrum was designed to meet the evolving needs of financial advisers serving high-net-worth (HNW) clients. Its rapid growth reflects strong adviser demand for a platform that delivers sophisticated investment access, operational efficiency, and total wealth visibility – all within a seamless digital experience.

“We’re incredibly proud of our teams who have helped to make Spectrum such a success,” said Anthony Wamsteker, CEO of Praemium. We set ourselves an internal target of $1bn in organic inflows by 12 months and to have achieved this within 10 months, not only validates our strategic direction but also confirms that Spectrum is the right product for this market. The demand we’re seeing reflects the strength of our offering and the opportunity to strengthen our market share in the HNW segment. We’re encouraged by our strong pipeline and the interest and momentum behind this product.”

Meeting the demand for Sophisticated Investment Solutions

This achievement comes amid a surge in adviser and investor interest in sophisticated investment strategies, particularly alternative assets. Praemium has seen a 15% year-on-year growth in FUA for alternatives, with total alternative FUA now exceeding $7.4 billion, representing approximately 11% of total FUA².

This growth is being driven by HNW investors seeking diversification, inflation protection, and returns less correlated with public markets. Spectrum’s architecture is designed to support this shift, offering advisers access to a broad universe of alternative assets.

Spectrum enables advisers to deliver a premium experience to HNW clients through:

• Comprehensive investment access: Including listed securities, managed accounts, alternatives, private assets, and structured products.
• Advanced execution services: Via Praemium’s in-house intermediary desk, supporting FX, fixed income, derivatives, and corporate actions.
• Total wealth visibility: Consolidated reporting across custody and non-custody assets, with ESG filters and multi-entity structures.
• Digital-first onboarding and compliance: Streamlined processes for AML, CRS-FATCA, fee consent, and client classification.

Commenting further CEO Anthony Wamsteker said “Praemium’s achievement with Spectrum is more than a milestone, it’s a signal of sustained momentum and market alignment. With strong adviser engagement, increasing flows into sophisticated investment solutions, and a robust pipeline of opportunities, Praemium is well-positioned to lead the next phase of innovation and growth in the HNW advice segment.”

———-

Notes:
[1] Source Praemium as at 12 September 2025 2 Source Praemium 30 June 2025 includes platform, Scope and Scope+

The post Praemium Spectrum surpasses $1b in funds under administration ahead of target appeared first on AdviserVoice.

Anthony Wamsteker

Praemium is pleased to announce that following a comprehensive selection process, Bell Financial Group (BFG) has chosen Scope+, Praemium’s administration solution, to support its business. Praemium will partner with the leading stockbroking and investment management firm to administer over 2,200 client portfolios by the end of 2025.

The transition represents:

• $6bn in funds under administration (FUA)
• a 19% increase in total FUA for the Scope+ solution^[1]
• a 23% increase in total Scope+ portfolios¹
• a 10% uplift in overall platform FUA to approx.$68bn post onboarding^[1].

“This is a major milestone for our administration solution and a clear validation of our market-leading proposition,” said Anthony Wamsteker, CEO at Praemium. “We are delighted to form this partnership with Bell Financial Group and proud to support advice businesses striving for greater efficiency and scale by partnering with a specialist administration provider, so they can dedicate more time to helping their clients achieve their goals.”

The appointment underscores the growing demand for premium, scalable administration services that enable wealth management firms to focus on delivering strategic, client-facing advice.

Recent research conducted by Praemium and CoreData shows that 50% of HNW advisers predict non-custody solutions will have either a growing or essential role in wealth management over the next 3-5 years, outlining the increasing importance of non-custody investment solutions, as well as the need for expert support in administering and reporting on these assets.

Praemium is uniquely positioned to meet this growing demand and their new partnership with Bell Financial Group cements Praemium as Australia’s largest provider of Professional Administration and Reporting Services (PARS). Praemium ranked 1^st for non-custody solutions and was rated Australia’s #1 platform for Security, Data and Integration in the latest Investment Trends Competitor Analysis and Platform Benchmarking Survey – critical areas for advisers managing complex portfolios and delivering high-touch service.

The partnership with Praemium highlights BFG’s continued investment in scalable non-custody solutions and high-value adviser partnerships, aligning with its strategy to lead in premium wealth solutions and capitalise on a growing high net worth investor segment.

Co-CEO Arnie Selvarajah commented “Our business is built on delivering high-value, client-centric advice. By partnering with Praemium, we’re able to focus more on our core proposition, time with clients and strategic growth. Our decision to use Praemium was centred around their specialist expertise in non-custody and HIN based assets, comprehensive reporting, and proven service model.”

The announcement adds to a growing list of stockbroking firms partnering with Praemium over the last year, opening up opportunities to leverage additional platform capabilities through Praemium’s SMA solution and the recently launched Spectrum product to gain access to a broader range of investment options and technology-driven efficiencies.

———–

1. Based on results for the quarter ended 31 March 2025.

The post Praemium announces major client deal to strengthen market-leadership in administration   appeared first on AdviserVoice.

Anthony Wamsteker

Praemium and Euroz Hartleys are pleased to announce the strengthening of their partnership, marking a significant milestone in their collaborative journey towards excellence in wealth management. Since initiating an alliance with Hartleys in December 2017 with the adoption of Praemium’s Scope reporting and administration service, the partnership has strengthened since Euroz acquired Hartleys Limited in 2020.

Building upon their successful history, Euroz Hartleys has made the strategic decision to adopt the full suite of Praemium’s products, signalling a transformative shift in their operational strategy. Over the next 18 months, Euroz Hartleys plan to onboard over 1,000 portfolios to the Praemium non-custody solution (Scope) and transition approximately ~$2 billion in funds under administration across Praemium’s private wealth solutions, including its newly launched Spectrum solution.

By integrating Praemium’s comprehensive suite of products, Euroz Hartleys aims to streamline processes, enhance efficiency, and elevate the customer experience.

“We are delighted to deepen our partnership with Praemium by integrating the breadth of their product offering into our operations,” said Andrew McKenzie Euroz Hartleys’ Executive Chairman. “This strategic decision aligns with our vision to continuously innovate and deliver a tailored solution to our clients leveraging Praemium’s consolidated reporting to offer a seamless adviser and client experience.”

Praemium’s CEO, Anthony Wamsteker commented “Praemium is delighted to continue supporting Euroz Hartleys growth and innovation journey. Embracing the power of our full product suite is a vote of confidence in what our offering can deliver wealth management firms and their clients. This partnership reaffirms our shared commitment to delivering exceptional value for investors and we look forward to the continued success of this strengthened partnership.”

The post Praemium and Euroz Hartleys forge stronger partnership to drive growth appeared first on AdviserVoice.

Anthony Wamsteker

Praemium has announced it has entered into a conditional agreement to acquire 100% of the Iress OneVue Platform Business (IOPB) from Iress Limited, marking a significant milestone in Praemium’s strategic growth plans.

The acquisition of OneVue will expand Praemium’s FUA by an estimated $4.0 billion, accelerating its growth plans and leveraging the scale of its investment platform technology and resource base to generate material synergies.

Additionally, it will expand Praemium’s client base, increase market share and strengthen its position in the Australian platform market. OneVue has a robust portfolio of long-term, high-quality clients which are seamlessly aligned with Praemium’s own servicing model This strategic alignment will facilitate a smooth integration process and positions the combined entity to deliver enhanced value and service offerings to clients.

The consideration for the transaction will comprise up-front cash of $1.0 million, funded from Praemium cash reserves; and an earnout of up to an additional $20.0 million based on growth in FUA measured over an 18-month period post completion.

The sale is expected to complete in April 2024. An 18-month migration process will follow to move OneVue clients to the Praemium platform technology. Praemium and Iress are both committed to leveraging their combined strengths to ensure a smooth and efficient transition process, prioritising the continuity of quality services for OneVue clients.

Praemium CEO Anthony Wamsteker commenting on the acquisition: “This is an important milestone for Praemium and the beginning of an exciting new chapter in Praemium’s growth story. Throughout the review process we have been impressed by the quality of the IOPB people and client base. Praemium and Iress OneVue Platform Business have a mutual objective to help advisers and wealth managers deliver great outcomes through technology-led solutions and an aligned client base and service model, making it a natural fit.

This is a highly strategic acquisition which adds greater scale and significantly enhances our ability to improve operating margins, capture market opportunities, and address evolving client demands.

Our focus will be on ensuring a seamless transition for clients and capitalising on the future opportunities to enhance our market position. We especially look forward to welcoming IOPB’s people and clients to the Praemium platform.”

The post Praemium announces acquisition of the Iress OneVue Platform Business appeared first on AdviserVoice.

Richard L
arge

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.

Richard brings over 20 years of experience leading global technology teams within financial services,  including as CTO of the $250 billion Australian sovereign wealth fund, The Future Fund and over 15 years as Global Head of Business Systems at Aberdeen Asset Management (abrdn) in the UK, which has over 5,000 employees, £500bn in assets under management and administration and encompasses the Elevate and Wrap platform brands.

“We are delighted to have Richard join our team as our new Chief Technology Officer,” said Praemium CEO, Anthony Wamsteker. “His deep expertise and experience in the financial services industry will be invaluable as we continue to innovate and grow our business and will solidify our commitment to creating market-leading technology solutions for wealth management firms.

“With expertise in designing and implementing complex financial systems and delivering technology strategy to maximise business returns, Richard has a proven track record in technology transformation, IT governance and operational efficiency. His leadership will strengthen our in-house technology team which has developed our award-winning systems including, ranking as the number 1 platform for Decision Tools and Security, Data & Integration in the latest Investment Trends Platform Benchmarking Survey 2022”.

“I am excited to join Praemium and look forward to working with the talented team to drive innovation and build industry-leading technology solutions,” said Mr Large. “Praemium’s platform has one of the most comprehensive offerings in the market and I’m thrilled to be joining the company at this time to help realise its growth ambitions and deliver value to our customers.”

The post Praemium appoints new Chief Technology Officer appeared first on AdviserVoice.

Denis has enjoyed a successful career including as Head of Asia Pacific and Head of Capital Markets for GBST, a leading Australian Financial Services Technology business with a blue-chip client base in Wealth Management and Capital Markets. GBST was acquired by FNZ in 2019.

The newly created CSO role recognises Praemium’s opportunity to fully capitalise on the current market dynamics within the wealth platform and non-custodial administration market segment.

Denis Orrock commented, “I’m excited to be joining Praemium at this time, their fully integrated technology solution can meet the needs of advisers, private wealth firms and institutions which few competitors can match and they are well placed to capture a healthy share of the ongoing shift occurring in this market segment.”

Anthony Wamsteker commented on the appointment, “We are delighted to welcome Denis to the Praemium leadership team. With his experience and track record in leading GBST through a period of strong growth in Praemium’s preferred client segment, Denis will not only contribute the ability to develop robust strategy, but strong relationships in the sector which will ensure that strategy is tightly focussed on client needs and opportunities.

The recent divestment of the international business means Praemium has the capital, cashflow and focus to deliver on our strong growth aspirations in Australia. We are confident that Denis will make a significant impact on helping us to realise those aspirations”

Denis will be starting with Praemium on 28 November and will be based in Praemium’s Sydney office.

The post Praemium appoints Denis Orrock to Chief Strategy Officer appeared first on AdviserVoice.

Australia’s High Net Worth are increasingly confident about the direction of the share market.

Key Highlights

• Total number of millionaires in Australia rose 31% to 635,000 during the past year
• Australia’s millionaires control $2.77 trillion in investable assets (up 37%)
•  68% of High Net Worth investors expect the share market to rise (up from 40% in 2020)
• ETFs and cryptocurrencies were the asset classes that saw the largest growth in uptake among High Net Worth investors during the past year

New research shows that Australia’s High Net Worth (HNW) investors are more numerous, wealthier, have fewer significant worries, and are increasingly confident about the direction of the share market.

This research, commissioned by platform provider Praemium Limited, and carried out by research company Investment Trends, involved more than 11,000 investors, including more than 2,200 who met the HNW criteria. These criteria involved $1 million in discretionary investable assets, including their self-managed super fund, excluding their super, home and business net of debt.

There are now an estimated 635,000 millionaires in Australia, who control $2.77 trillion in investable assets. A year ago, the numbers were 488,000 and $2.02 trillion, seeing a rise of 31% and 37% respectively.

Sarah Brennan, CEO at Investment Trends commented: “The post-pandemic asset price surge has fueled historical growth in HNW investor numbers.”

The number of millionaires in Australia was fairly constant between 2017 and 2020, before this year’s dramatic rise. There were 424,000 millionaires in Australia in 2017, 434,000 in 2018, 458,000 in 2019 and 488,000 in 2020.

Anthony Wamsteker, CEO of Praemium Limited noted that: “The results of the research demonstrated not only the resilience of Australia’s wealthier investors but also the resilience of Australian capital markets, which rallied significantly following a sharp fall at the start of the COVID pandemic in early March last year.

“During the COVID-19 Pandemic, Australian investors could have been excused for retreating into their shells a little with the share market bumping along the bottom for a while,” he said. “But the research shows that Australia’s wealthiest investors are a very optimistic group. Once they got over the shock of the fall in the share market, they were happy to weigh back in. Their levels of optimism are much higher than they were a year ago.”

In September last year, 50% of Australian HNWs expected the share market to fall, 40% expected it to rise and 10% expected it to stay the same. A year later the respective numbers were 32%, 68% and 0%.

Australian HNWs are far less worried today than they were a year ago. The chief concerns among HNWs are: COVID (45%, down from 68% last year); tension between the world’s major economies (43%, down from 53% last year); and another global market crash (40%, up from 37%). The two biggest drops in concerns over the year were concerns about the Australian economy (63% to 30%) and concerns about the White House administration (47% to 19%).

The research shows that Australian HNWs are keen to continue riding the wave of a rising share market. 20% of respondents, the highest percentage in the past 10 years, said their key objective in the next year is to maximise capital growth. The percentage of those looking to protect themselves against market falls was 8%, the lowest percentage in the past ten years.

Against this backdrop, the All-Ordinaries Index rose strongly by 28% in the 12 months to September 2021 (from 6,108 to 7,826).

There was considerable growth in HNW investor numbers across all wealth bands. For instance, those with $2.5-5 million of assets rose from 170,000 to 179,000; those with $5-10 million of assets rose from 56,000 to 59,000; and those with $10-70 million of assets rose from 18,000 to 28,000. Those 28,000 people control over 40% of the assets held by HNW investors.

Some other key findings from the research included:

• ETFs and cryptocurrencies were the asset classes that saw the largest growth in uptake among HNWs during the past year
• ETFs, LICs and REITs remained the three top asset classes among HNWs
• Ultra HNW Investors (those with over $10m in investable assets) have a higher desire than other investors for consolidated reporting and administration assistance, ideally from a single digital platform

In terms of the advice requirements of Australian HNWs, 13% of respondents said they were happy to use investment advisers; 52% said they were happy to use advisers only to validate their own thoughts, to gain access to a wider range of investments or for technical skills; and 33% said they did not use advisers at all. During the past year, the percentage of HNWs using accountants for tax advice rose from 52% to 56%, while those using investment advisers fell slightly from 41% to 40%.

HNWs paid their private client advisers an average of $7,574 in 2021, up from $7,000 in 2020.

Mr Wamsteker said the research highlights a growing array of unmet advice needs for HNW Australian investors, particularly inheritance and estate planning and strategies to reduce tax obligations. Yet simultaneously there is a reluctance from many of them to use investment advisers.

“This presents an opportunity for Australian investment advisers to help meet these needs via a holistic total wealth management experience. Articulating the value their advice can bring and adapting to provide HNWs with superior and sophisticated service and technology will help to meet the needs of this growing and important investor segment,” he said.

The post Research shows that Australia’s high-net-worth investors are more numerous, richer and more confident appeared first on AdviserVoice.

In the past year Praemium has experienced growth in FUA of 223% from organic sales growth and the Powerwrap acquisition. Praemium provides administration and reporting solutions to around 25% of the $600 billion advised Private Wealth wholesale client market and has a strong and growing position in the advised retail IFA.

Mat Walker, Praemium’s Chief Commercial Officer, who has been responsible for product, marketing and sales will add business strategy to his responsibilities, working closely with Wamsteker. Martin Morris, Praemium’s Head of Distribution, will be promoted to the Executive Leadership Team of the business and assume full responsibility for sales as Chief Distribution Officer.

“With the acquisition of Powerwrap and investment in sales, service and operations over the past two years we are well positioned to capitalise on the strong momentum we have built and to deliver continued growth. While we’ve had a clear market strategy driving our direction, with the recent review our international business, there’s an opportunity to enhance Praemium’s domestic strategy to build on this growth. Since Mat joined the business at the end of 2017, he’s played a key role in developing Praemium’s market positioning and re-branding, overall platform and product value proposition and strategic investment in sales. During this time, Martin has built and led the Praemium Distribution Team and has been instrumental in growing the number of advisers using our platform and his thought leadership pieces have raised Praemium’s brand in the market, making these changes a natural evolution for the business.” Wamsteker said.

The post Praemium positions for next phase of growth appeared first on AdviserVoice.

Anthony has held the role of Executive Director and Interim CEO since May 2021. Anthony previously joined the Praemium Board in November 2020 following Praemium’s acquisition of Powerwrap where he was Chairman. He brings over 30 years’ experience in financial services, including nine years as the founding CEO of ME Bank, 12 years in funds management with National Mutual/AXA and 3 years as Chairman of Powerwrap.

Praemium Chairman Barry Lewin said “At a time of heightened industry consolidation, when we are experiencing very strong growth across all parts of our business and we have commenced the divestment process for our UK and International business, the Board is delighted Anthony has agreed to accept the permanent appointment as CEO. He will contribute stability, leadership and his deep financial services, management experience and acumen to the wider senior management team at an important time for the Company.”

The current terms of the CEO’s employment contract are as follows:

• Base Remuneration: $600,000 inclusive of statutory superannuation
• Short Term Incentive: Up to 50% of base salary based on achievement of targets as approved by the Praemium Board for each financial year during the term
• Long Term Incentive: Long-term incentives (LTI) are based on participation within Praemium’s Directors & Employee Benefits Plan and currently relate to the issue of performance rights in Praemium Limited. Under that plan Mr Wamsteker will be issued 1.2 million performance rights capable on vesting of converting into fully paid ordinary shares in the capital of the company based on Total Shareholder Return (TSR) targets set by the Board over each LTI cycle of 3 years.
• Notice Period: 3 Months

The post Appointment of CEO at Praemium Limited appeared first on AdviserVoice.