Praemium has reported total funds under administration (FUA) of $70.5 billion as it completes the migration of OneVue assets.
In a quarterly update for the three months to 31 December, the platform said total FUA was helped by $462 million in quarterly net inflows.
As well as this, the firm completed the transition of its OneVue assets onto the Praemium platform with $1.9 billion transferred to Spectrum since the acquisition, $959 million in SMAs and $203 million in Scope.
OneVue was acquired from Iress by Praemium in February 2024 and assets have gradually been transferred across between the two offerings.
On Spectrum, this saw quarterly net inflows of $266 million to bring Spectrum FUA to $3.6 billion, up from $3.3 billion in the September quarter. This was helped by almost $2 billion transitioned from the OneVue acquisition.
A further $933 million was transferred from OneVue onto its SMA offering.
However, it also noted $130 million in outflows from OneVue, up from $117 million in the previous quarter but, with the migration now complete, it expected these headwinds to ease.
On Scope+, Praemium’s wealth reporting and administration solution, it said it had onboarded two advice groups and 861 portfolios in the quarter, while the addition of Bell Potter was progressing well with an expected completion date in the current quarter.
It was announced in July 2025 that Bell Potter had selected Scope+ to administer over 2,000 client portfolios.
“Scope+ funds under administration grew 19 per cent in the quarter to $37.9 billion, further increasing Praemium’s market lead in this segment, with 2 new advice groups and 861 portfolios added over the December quarter. The onboarding of a number of significant Scope+ clients, including Bell Potter, is progressing well, with a substantial portion of the portfolio additions relating to Bell Potter and the final phase of onboarding expected to be completed in Q3 FY26.”
Commenting on the results, Praemium chief executive, Anthony Wamsteker, said: “The December quarter continued to see strong inflows into Spectrum. We are pleased that the demand we’re seeing reflects the strength of our offering and the opportunity to grow our market share in the HNW segment.
“Our market-leading non-custodial service is driving consistent sales activity, with several signed agreements for both Scope and Scope+ scheduled to onboard in the coming quarters.”
