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Praemium Posts 4% FUA Growth with $371m Net Inflows in Q2 FY25
8:45am on Thursday 23rd of January, 2025 AEDT
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Financial Services
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Praemium Posts 4% FUA Growth with $371m Net Inflows in Q2 FY25
8:45am on Thursday 23rd of January, 2025 AEDT
Key Points
Funds Under Administration (FUA) increased 4% to $30.2 billion
Net inflows reached $371 million, up $232 million from previous quarter
Strong growth in SMA platform with $261 million net inflows
Powerwrap platform net inflows improved by $138 million despite adviser departures
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