ASX Announcements
Notification of cessation of securities - PPS
Appendix 3H (Notification of cessation of securities)
- Jan 7, 2025
- 4 pages
May 2024
Hackers steal the keys to Iress’ OneVue platform
Financial software provider Iress is investigating if any client data has been breached after discovering hackers stole a credential to gain access to its systems.
- Tess Bennett
February 2024
Iress sells OneVue platform business; Flagstaff, MA Moelis on ticket
MA Moelis and law firm Arnold Bloch Leibler have helped listed platform business Praemium clinch a deal to acquire Iress’ OneVue.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
45,000 Australians joined the ‘established affluent’ last year
Resurgent sharemarkets and a rebound in property prices helped an extra 45,000 Australians join the ranks of the “established affluent” last year, an increase of 25 per cent.
- Joanna Mather
April 2022
Wealth platforms claw $3.3b as Wexit frees up market
Shares in Hub24 jumped 3 per cent to $26.20, while shares in Praemium surged 16.9 per cent to 72c by 2pm in Tuesday’s trade.
- Aleks Vickovich
February 2022
All the profit results for February 14, 2022
Results briefing | News and analysis on today’s profit results from Aurizon, Beach, Bendigo & Adelaide Bank, Boral, Carsales, GPT, JB Hi-Fi, Keypath and Praemium. Find updated reports and analysis here.
- Andrew Hobbs
November 2021
All eyes on Hub24 as Praemium in play
Now that wealth platform Praemium is officially in play, watchers are turning their minds to who could follow Netwealth and come calling.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Price row stalls Netwealth’s bid for Praemium
ASX-listed Praemium has rejected a non-binding offer to merge with larger competitor Netwealth and form a wealth administration powerhouse with $94 billion under control.
- Updated
- Aleks Vickovich
- Opinion
- Chanticleer
Wealth platforms yet to crack mass market
A flurry of takeover activity among the insurgents in the wealth platform space shows a market reaching maturity and enormous unmet demand in mass-market advice.
- Tony Boyd
Netwealth, Praemium suit up for merger battle
Netwealth’s put a line in the sand at Praemium, offering its shareholders about a 15 per cent stake in the combined group in a bid to kick off talks between the companies.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
October 2021
- Exclusive
- Online trading
Pinnacle tips $3m into pro-fundie wealth platform
Pinnacle Investment Management has backed wealth administration platform OpenInvest with $3 million in seed funding and will launch a new digital investing product.
- Aleks Vickovich
- Analysis
- Online trading
Can Praemium catch tearaways Netwealth, Hub24?
The wealth platform pioneer failed to capitalise on its head start, but a new CEO believes the fintech can meet and even surpass its much-hyped rivals.
- Aleks Vickovich
June 2021
Magellan-backed FinClear nears Pershing deal
FinClear has pitched itself as a “challenger platform”, but whether this narrative really stacks up could soon be tested by public markets.
- Tom Richardson
May 2021
Fresh eyes, fresh hope for Praemium M&A
The handbrake’s gone at the wealth platform owner.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
January 2021
Praemium claws $1.1b in investor funds
Praemium shares jumped 15 per cent after the wealth management platform reported record inflows in the last three months of 2020.
- Aleks Vickovich
November 2020
Forget Praemium, Kogan's calling
An astonishing administrative oversight has left one Praemium director out of her job for now.
- Tom Richardson
- Analysis
- Online trading
Quiet achiever Praemium's bid for wealth platform dominance
Praemium's acquisition of rival Powerwrap has been welcomed by the market, but acquiring new business remains the 'main prize', analysts say.
- Aleks Vickovich
August 2020
Power players stand behind takeover target Powerwrap
A pair of Rich List-ers and a bunch of Melbourne financial markets types have teamed up to try to get Praemium to increase its bid for their smaller wealth platform play, Powerwrap.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
July 2020
Wealth platforms defy virus downturn
Hub24 and Netwealth have both reported record annual net inflows for the 2020 financial year despite the market downturn.
- Aleks Vickovich
Praemium, Powerwrap merger follows decade-long courtship
Powerwrap's board has recommended its shareholders accept minority shareholder Praemium's acquisition of the 85 per cent of shares it doesn't hold.
- Aleks Vickovich
Praemium readies takeover bid for rival Powerwrap
There's some industry consolidation brewing in the wealth management platform space.
- Sarah Thompson, Anthony Macdonald and Tim Boyd