Wealth

Praemium saw a 128 per cent increase in inflows through December as it realised the scale benefits of its Powerwrap acquisition.

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The founder of Macquarie Wrap will join advice technology provider WealthO2 as its new chairman, while the co-founder of HUB24 and COIN has also joined the board.

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The corporate regulator has commenced civil penalty proceedings against a superannuation-focused fintech over alleged marketing materials with misleading claims about investor returns.

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A US-listed technology company has withdrawn its bid for the Australian super administration group after its board said the price offered was not high enough.

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Growth in the wealth sector of fintech is stagnating due to profitability and scale challenges faced by “wealth-tech” businesses, a big four accounting firm has said.

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