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Green shoots emerging as Praemium follows the money

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  Print publication without navigation Published in Business and Finance on by The West Australian
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
There is an old line that says 'patience pays a premium' when it comes to the market, and that by exerting some restraint the calm investor can gain opportunities that the bold never will.
The article from The West Australian discusses Praemium, a financial services company, which is experiencing growth and optimism in the financial sector. Praemium has reported a significant increase in its funds under administration, reaching $50 billion, which reflects a strong recovery and growth in the wealth management industry. The company's CEO, Anthony Wamsteker, highlighted that despite economic challenges, there are "green shoots" of recovery, with clients increasingly engaging with financial planning and investment services. This growth is attributed to a combination of market recovery, increased investor confidence, and Praemium's strategic focus on enhancing its platform capabilities to meet client needs. The article also touches on broader market trends, suggesting that as economic conditions stabilize, more investors are returning to managed funds and seeking professional financial advice, thereby benefiting companies like Praemium.

Read the Full The West Australian Article at:
[ https://thewest.com.au/business/finance/green-shoots-emerging-as-praemium-follows-the-money-c-16972612 ]