Praemium posts 26% FUA enhance

The listed managed accounts platform has loved a wholesome spike for the March quarter.

On Tuesday, 19 April, Praemium reported quarterly internet inflows of $725 million within the newest quarter, up 82 per cent from the earlier corresponding interval (pcp) of $398 million.

$446 million of that determine got here from Australia, whereas the remaining $279 million got here internationally.

Monetary year-to-date internet inflows additionally surged from $1.7 billion in March 2021 to $3.6 billion, a rise of 112 per cent.

Praemium additionally confirmed whole funds below administration (FUA) of $47.7 billion, which was one more enhance for the corporate, up 26 per cent from $37.9 billion final 12 months.

CEO Anthony Wamsteker mentioned on Tuesday that he was delighted with the outcomes, saying that it exhibits Praemium is delivering on its technique to grow to be one of many largest impartial specialist platform suppliers in Australia.

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Supply: Praemium posts 26% FUA enhance – InvestorDaily

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