The problem is that Kerr and his wife (and the current CEO to a...

The problem is that Kerr and his wife (and the current CEO to a lesser extent) were too greedy and when the business was doing well, they could have very easily established better staff equity schemes to lock in key staff within the investment team. It beggars belief that they didn't do this in a business that relies so heavily on key people and lives or dies by investment performance and salesmanship...unless they believed they were the only key people (which frankly, is unforgiveable hubris).

Therefore, PTM lost key people like Jacob (who left and started Antipodes, now half the size of Platinum, and who successfully poached a lot of good staff from PTM) and Joseph (who started Ox capital) and whilst these guys have built their FUM, PTM has steadily lost FUM and floundered.
Now PTM are on the back foot and the share price is in the toilet and they've finally woken up and will probably dilute us all by giving away equity and revenue share to staff whilst we're at rock bottom prices.

What they should be doing is providing low interest non-recourse loans to allow key staff (not the Board, they're already over-remunerated) to buy PTM shares on market via some centralised structure to get everyone thinking like shareholders whilst minimising dilution...the yield would more than service the loans and would also be used to compulsorily pay off the debt.

This Board are either a bunch of muppets, or too self interested/arrogant to see the big picture. Investment performance may finally be turning around, but this is not enough to fix everything that is wrong with this business...the Platinum halo slipped long ago, and Advisers just aren't that interested in Platinum any more. The board is stale and needs fresh thinking if they're going to recapture the Adviser market in any kind of meaningful way.