Praemium’s FUA surpasses $6bn
Praemium has reported a record quarter which saw funds under management (FUA) surpassing $6 billion, with quarterly inflows across its global platforms reaching $554 million and inflows for the Australian business standing at $364 million.
The company said the 2017 financial year saw increasing adoption of the Australian separately managed account (SMA) platform, with a 41 per cent increase in investor accounts and 71 new model portfolios added.
FUAs in Praemium’s retail superannuation offering, SuperSMA, reached $657 million and comprised 17 per cent of the Australian SMA platform, up from 15 per cent in the previous quarter.
Also, the international business saw record inflows of $190 million, driven by the success of the UK platform and its individually managed account (IMA) service that was launched in late 2016.
Globally, annual inflows saw a 24 per cent increase over the prior financial year, driven by the SMA platform as well as the expansion of the sales, marketing and implementation resources.
Praemium’s chief executive, Michael Ohanessian, said: “The business has accelerated its momentum across the year, with strong growth within the Australian business and a step change in the international business”.
“We are obviously delighted to report record asset flows this quarter,” he said.
AUTHOR
Oksana Patron
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
