Bell Potter partnership drives significant growth milestone for Praemium
Praemium (ASX:PPS)
The partnership results in:
» An increase of $6bn in funds under administration (FUA),
» Acceleration of the Scope+ total FUA by 19%1 ,
» A 23% increase in Scope+ portfolios1
» A 10% increase in the group total FUA, to approximately $68bn post onboarding1 .
This partnership reflects growing adviser demand for high-quality, scalable administration services that enhance operational efficiency and support the delivery of sophisticated wealth solutions. The decision by a prominent wealth management firm to partner with Praemium for administration services underscores the group’s leadership position and the strength of its proposition.
“This is a milestone moment for our Scope+ offering, and one that reaffirms the calibre of our solution, and the trust leading firms are placing in our capability,” said Anthony Wamsteker, CEO at Praemium. “We continue to see exceptionally strong growth in this area as firms seek to streamline operations while delivering an exceptional experience to their clients.”
Co-CEO of Bell Potter Arnie Selvarajah “Our focus is on delivering high-value, client-centric wealth advice. By partnering with a specialist provider like Praemium for administration, we’re able to free up our team to do what they do best - spend more time with clients, and develop tailored strategies, to help them achieve their financial goals.”
This development highlights the group’s continued investment in scalable non-custody solutions and high-value adviser partnerships, aligning with its strategy to lead in premium wealth solutions and capitalise on growth in the HNW investor segment.
Read the full announcement here
About us:
Praemium is the leading investment platform in Australia, catering to the emerging and established HNW investor market. Servicing Private Wealth firms, intermediaries, and some of the world’s largest financial institutions, Praemium offers access to a comprehensive suite of investment solutions which cater for all investor structures.
Contact details:
For further information contact
Anthony Wamsteker, CEO
Ph: 1800 571 881