Highlights

  • Praemium is preparing to launch a new core technology platform later in 2026.
  • The company expects approximately $9 million in annual technology salary savings from its restructuring.
  • Two Technotia founders are transitioning to consulting roles under revised incentive arrangements.

Overview

Praemium Limited (ASX:PPS) has provided an update on its technology transformation strategy, highlighting significant progress toward launching a new core platform designed to support the next generation of Wealth Management services. The initiative follows the Acquisition of Technotia Laboratories in early 2026, which brought advanced scientific and technology expertise into the Business. Praemium plans to transition clients to the new platform in stages throughout 2026, while also simplifying its technology operations through restructuring measures expected to deliver substantial cost savings. The company believes the platform will strengthen automation, innovation, and data-driven capabilities for advisers and clients.

How Is Praemium's New Platform Transforming Its Wealth Management Strategy?

The new core technology platform is being developed to enhance Praemium's wealth management capabilities through improved automation, advanced analytics, and a modern user experience. Built with expertise gained through the Technotia acquisition, the platform is intended to provide greater scalability and efficiency while delivering deeper insights for clients and advisers. The company plans a phased rollout during 2026, ensuring a structured transition while continuing to expand its technology-driven service offering.

Why Has Praemium Revised Incentives for Technotia's Founders?

Praemium has agreed to transition two Technotia founding principals, including Professor James Murray-Parkes, into part-time consulting roles as the platform development project progresses. To reflect their reduced operational involvement and the significant work already completed, the company has revised incentive arrangements tied to the Technotia acquisition. The updated structure includes immediate and conditional future payments but does not increase the overall potential incentive entitlement previously agreed under the acquisition terms.