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Praemium Reports Nil Earn Out for OneVue Acquisition’s First Period Amid FUA Challenges
8:32am on Monday 2nd of June, 2025 AEST
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Financial Services
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Praemium Reports Nil Earn Out for OneVue Acquisition’s First Period Amid FUA Challenges
8:32am on Monday 2nd of June, 2025 AEST
Key Points
No earn out payable for first 9-month period post-OneVue acquisition
Funds under administration fell below $3 billion threshold due to client terminations and outflows
Praemium revised service terms with some clients, leading to agreed terminations
Company maintains commitment to mid-teens earnings accretion and $3 million synergies
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