The wealth platform pioneer failed to capitalise on its innovative head start, but a new CEO believes the fintech can meet and even surpass its much-hyped rivals.
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Few wealth management industry experts would begrudge Praemium credit for its role as an early developer of administrative technology platforms used by financial advisers to manage client assets, now a $900 billion segment.
But you wouldn’t know it from comparing the company’s share price to those of its fellow specialist platform innovators Netwealth and Hub24.
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Original URL: https://www.afr.com/companies/financial-services/can-praemium-catch-tearaways-netwealth-hub24-20211013-p58zno
