HNW adviser inflows boost Praemium FUA
Increasing traction among high-net-worth (HNW) advisers has helped Praemium report quarterly net inflows of $667 million in the third quarter of 2025.
In a quarterly ASX update, the firm said total funds under administration (FUA) rose 13 per cent in the three months to 30 September, up to $67 billion.
Platform FUA was $32 billion, which included quarterly net inflows of $667 million, excluding OneVue.
“The results highlight Praemium’s strategic progress and strength of its product suite, positioning the business for continued growth in both custodial and non-custodial platforms,” it said.
It flagged investor-directed portfolio solution (IDPS) Spectrum had seen net inflows of $299 million, described by Praemium as being the “standout performer” for the platform. FUA rose from $2.4 billion in the previous quarter to $3.3 billion, which included $1 billion in new business inflows.
On its separately managed account (SMA) division, it saw net inflows of $237 million with FUA at $13.6 billion, while there had been a “stabilisation in adviser exits” on its Powerwrap offering, causing Powerwrap FUA to stand at $14 billion.
Regarding the OneVue acquisition, which was acquired from Iress in April 2024, some $474 million has been transferred over to Spectrum and $10 million to wealth reporting tool Scope+, and the final transfers are anticipated to take place in the December quarter.
Praemium CEO Anthony Wamsteker said: “The September quarter was noteworthy for strong inflows to our IDPS solution Spectrum.
“We are pleased with the strong flows achieved this quarter, particularly from Spectrum IDPS solution and the solid performance of our SMA offering. These results reflect the strength of our product suite and the strategic progress we’re making across the business.
“While adviser transitions and OneVue asset transfers have impacted outflows in recent quarters, we’re seeing encouraging signs that these headwinds are easing. With sustained adviser interest and expanding engagement across both custodial and non-custodial platforms, we remain confident in our long-term growth trajectory.”
The platform noted that OneVue and Praemium provide investment platforms to Diversa Trustees, which had exposure to the First Guardian fund, including $176 million in YourChoice Super, $107 million in AUSPRAC Super, and $3 million in Praemium Super.
“During the quarter, a $286 million reduction in FUA was recognised in relation to First Guardian holdings. This is included in the $772 million net market movement for the September quarter. Praemium is focused on supporting members who have been impacted and working cooperatively with industry bodies and regulators, including ASIC, while the legal, regulatory and recovery processes continue,” it said.
AUTHOR
Laura Dew
Recommended for you
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients' superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
ETF provider VanEck has announced its intention to launch a uranium and energy solution as global political agendas point to expansion in this sector.
PIMCO has announced the launch of a new active fixed-income ETF, marking its fifth active solution on the Australian market after the launch of four ETFs earlier in the year.
