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Praemium Ltd ( (AU:PPS) ) has provided an update.
Praemium Ltd reported a notable increase in its funds under administration (FUA), reaching a record $62.1 billion, up 29% from the previous year. The company saw significant growth across its platforms, with Spectrum IDPS contributing positively to its quarterly results. The launch of Spectrum has been well-received, indicating strong market demand and enhancing Praemium’s competitive positioning. Despite net outflows from OneVue, the company continues to achieve growth across other platforms, and the addition of new client groups demonstrates its expanding market presence.
More about Praemium Ltd
Praemium Ltd is a company operating in the financial services industry, specializing in investment platforms and solutions. Their primary products include Separately Managed Accounts (SMA), Powerwrap, and the newly launched Spectrum IDPS, focusing on portfolio administration and management for a diverse range of clients.
YTD Price Performance: 3.38%
Average Trading Volume: 814,422
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$365.5M
Learn more about PPS stock on TipRanks’ Stock Analysis page.
