Praemium Ltd (AU:PPS) has released an update.
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Praemium Ltd has reported a significant 30% year-over-year increase in their total funds under administration (FUA), now standing at $57.4 billion, with the platform FUA growing 26% to $28.1 billion. Despite experiencing quarterly net outflows of $414 million, the company highlights strong growth in its non-custodial VMAAS service, which saw a 34% increase to $29.3 billion. Praemium’s CEO expressed confidence in their market-leading non-custodial capabilities and emphasized the potential of their comprehensive reporting solutions.
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