By Digifin Pty Ltd · About this coverage
Key Points
- Platform FUA up 7.4% to $34.4 billion
- Quarterly net flows of $274 million, down 50.2% on the prior corresponding period
- Scope+ FUA up 30.3% to $45.5 billion; total FUA $79,899 million
- Scope portfolios down 5.2% to 57,295 while Scope+ portfolios rose 30.7% to 12,856
- Bell Potter transition to Scope+ fully complete
About Praemium (ASX:PPS)
Praemium Limited is an ASX-listed wealth management technology company headquartered in Melbourne. It provides investment platform, portfolio administration and reporting services to financial advisers in Australia.
Praemium (ASX:PPS) reported funds under administration for the September quarter, showing continued platform growth but net flows half the level of a year earlier, which the company attributes to softer industry inflow conditions.
Platform FUA rose 7.4% on the prior corresponding period to $34.4 billion, with quarterly net flows of $274 million, down 50.2% from $550 million. Total inflows were $1,784 million, down 17.9%, and outflows were $1,510 million. Net flows were 0.8% of opening FUA, against 1.0% in the June quarter. Cash Management Holdings were $1,838 million, or 5.3% of FUA. Scope+ non-custodial portfolio administration FUA rose 30.3% to $45.5 billion, taking total FUA to $79,899 million, up 19.3%. Scope portfolios fell 5.2% to 57,295, while Scope+ portfolios within that total rose 30.7% to 12,856, or 22.4% of all Scope portfolios. The company says the Bell Potter transition to Scope+ is fully complete.
All figures are unaudited. The release gives no revenue or earnings figures and does not explain the fall in Scope portfolio numbers.
Source: Praemium Limited (ASX:PPS), 14 October 2026. Summary content supplied by Digifin Pty Ltd.
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