Praemium reveals AI-powered HNW platform plans via acquisition

Yasmine Raso

Senior Journalist, Financial Newswire

16 December 2025

Wealthtech and platform specialist, Praemium, has announced to the Australian Securities Exchange (ASX) its intentions to develop a new high-net-worth (HNW) advice platform via its acquisition of technology and computing machinery and intelligence (CM&I) firm, Technotia Laboratories.

In a statement made to the exchange on Monday, the platform company confirmed the $7.5 million acquisition was a “significant step” in its plans to deliver ‘market-leading’ wealth management solutions underpinned by artificial intelligence (AI), now with the backing of Technotia Laboratories’ scientific expertise and flagship technology capabilities.

Drawing on its roots first established under the Brookfields Scientific Solutions Group banner before creating its own identity in 2019, Technotia Laboratories’ has collaborated with Praemium on its superannuation offering since 2024.

Leveraging the “physics, mathematics and design-led” approach of Technotia Laboratories, Praemium said its new capabilities will deliver “greater precision, scale and speed” for advisers and ensure improved client engagement and outcomes.

“The rapid expansion of AI in financial services demands more than speed, it requires trust and proven capability,” Praemium chief executive, Anthony Wamsteker, said.

“Through the acquisition of Technotia Laboratories, Praemium will embed specialist expertise directly into our platform, ensuring innovation is delivered with scientific rigour and reliability.

“This cements Praemium’s leadership in the high-net-worth advice segment, combining trusted wealth management experience with advanced AI technologies, to set the standard for smart efficient advice and exceptional client outcomes.”

The acquisition is expected to complete by January next year, with Praemium non-executive director, Daniel Lipshut, appointed CEO of Technotia Laboratories and will lead the business alongside original founder, Chief Scientist Professor James Murray-Parkes.

“My decision to step into an operational leadership role reflects the strategic significance of this acquisition and a commitment to realise the full commercial potential of this acquisition,” Lipshut said.

“This partnership gives Praemium proprietary AI capability that will transform wealth management technology. Together, we’ll unlock new growth opportunities and create lasting value for advisers and shareholders.

“It’s a bold step that positions Praemium ahead of the curve in driving intelligent solutions for the advice market.”