Praemium Ltd
ASX:PPS
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Praemium Ltd
ASX:PPS
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AU |
Praemium Ltd
Praemium Ltd. is engaged in the business of providing investment portfolio technology for portfolio management services. The company is headquartered in Melbourne, Victoria. The company went IPO on 2006-05-11. The firm's segments are Australia, the United Kingdom and Asia. The company operates a next generation integrated Managed Accounts Platform, which provides advisers and wealth managers with the capabilities to construct managed accounts solutions for its clients through a seamless digital platform experience. The integrated platform includes: the custodial Separately Managed Accounts (SMA) and Individually Managed Accounts (IMA); non-custodial Virtual Managed Accounts (VMA) to underpin Managed Discretionary Accounts (MDA), Investor Directed Portfolio Services (IDPS), and Unified Managed Accounts (UMAs) that enable a consolidated view of custody and non-custody investment assets.
Praemium Ltd. is engaged in the business of providing investment portfolio technology for portfolio management services. The company is headquartered in Melbourne, Victoria. The company went IPO on 2006-05-11. The firm's segments are Australia, the United Kingdom and Asia. The company operates a next generation integrated Managed Accounts Platform, which provides advisers and wealth managers with the capabilities to construct managed accounts solutions for its clients through a seamless digital platform experience. The integrated platform includes: the custodial Separately Managed Accounts (SMA) and Individually Managed Accounts (IMA); non-custodial Virtual Managed Accounts (VMA) to underpin Managed Discretionary Accounts (MDA), Investor Directed Portfolio Services (IDPS), and Unified Managed Accounts (UMAs) that enable a consolidated view of custody and non-custody investment assets.
FUA Growth: Total Funds Under Administration (FUA) reached $70.5 billion, up 5% quarter-over-quarter and 14% year-on-year, despite flat market conditions.
Platform Strength: Platform FUA increased 8% year-on-year to $32.5 billion, driven by Spectrum adoption and strong Powerwrap inflows.
Net Inflows: Spectrum delivered $266 million net inflows ($312 million adjusted), and Powerwrap reported $302 million net inflows, the strongest since early FY22.
Technotia Acquisition: Praemium acquired Technotia to boost development capability, particularly in machine learning and user experience, and to build an end-to-end superannuation platform.
OneVue Transition Complete: The integration of OneVue is finished, with the final FUA transferred and earn-out obligations settled.
Positive Outlook: Management remains optimistic on growth, emphasizing opportunities from new product platforms, adviser wins, and further automation.
