Praemium Ltd’s FUA Soars with Spectrum Launch

Praemium Ltd (AU:PPS) has released an update.

Praemium Ltd has reported a robust 33% increase in its Australian Funds Under Administration (FUA) to $59.4 billion in the first quarter of FY2025, driven by strong growth across its platforms and a successful launch of its next-generation Spectrum platform. The company’s Separately Managed Accounts (SMA) saw significant net inflows, contributing to a positive market movement of $837 million. Despite some outflows in Powerwrap due to transitioning advisers, Praemium continues to demonstrate market-leading capabilities and growth potential.

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