Q3 FY2025 Update
Praemium (ASX:PPS)
Total funds under administration (FUA) of $62.3 billion (31 March 2024: $53.3 billion, up 17%).
Praemium’s next generation IDPS Spectrum achieved quarterly net inflows of $440 million, resulting in FUA of $513 million for the quarter. This included $2 million of market growth.
» Platform $30.0 billion (31 March 2024: $24.3 billion, up 24%)
• Spectrum $0.5 billion
• Separately Managed Accounts (SMA) $12.3 billion (31 March 2024: $11.2 billion, up 10%)
• Powerwrap $13.3 billion (31 March 2024: $13.0 billion, up 2%)
• OneVue $4.0 billion ($4.1 billion at 15 April 2024 acquisition, NIL at 31 March 2024)
» Quarterly net inflows of $364 million (quarter to 31 December 2024: $371 million)
• Spectrum net inflows of $440 million (quarter to 31 December 2024: $69 million)
• SMA net inflows $120 million (quarter to 31 December 2024: $261 million)
• Powerwrap net outflows $66 million (quarter to 31 December 2024: net inflows of $78 million)
• OneVue net outflows $130 million (quarter to 31 December 2024: net outflows $37 million)
» Cash management account holdings
• SMA $697 million (5.6% of FUA)
• Powerwrap $496 million (3.7% of FUA)
• OneVue $406 million (10.2% FUA)
» Scope+ non-custodial Portfolio Administration and Reporting Service $32.3 billion (31 March 2024: $29.0 billion, up 11%)
Net movement for the quarter to 31 March 2025 included $451 million in negative market movement. This represents approximately -1.5% of the value of Platform FUA at 31 March 2025.
Praemium CEO Anthony Wamsteker made the following comments about the quarter: “The March quarter was noteworthy for strong inflows to our recently launched IDPS solution Spectrum. We are pleased with the ongoing interest in this product across the private wealth sector and have a strong pipeline for the remainder of 2025.
The Praemium SMA scheme has traditionally been our cornerstone product and highest revenue margin service. It achieved quarterly net inflows of $120 million. In the calendar year to 31 March 2025, net inflows of $695 million represented approximately 6% of opening FUA.
OneVue added FUA $4.1 billion at acquisition and decreased slightly to $4.0 billion at 31 March 2025, including a $130 million net outflow for the quarter. The integration remains on track with the technology and product transition due to be completed by the end of the financial year with synergies realised.
Powerwrap experienced modest net outflows for this quarter. Gross outflows from transitioning advisers were approximately $0.6 billion for the nine months to March 2025, with the March quarter being the lowest movement this year.
Continued growth in FUA for Scope+ highlights our market leading capability and we have a strong pipeline in place for both Scope and Scope+ .
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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