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Praemium’s FUA Climbs 18% as Technotia Merger Cuts $9M in Tech Costs

9:10am on Wednesday 22nd of April, 2026 AEST Financial Services
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Praemium’s FUA Climbs 18% as Technotia Merger Cuts $9M in Tech Costs

9:10am on Wednesday 22nd of April, 2026 AEST
Key Points
  • Total Funds Under Administration up 18% year-on-year to $73.7 billion
  • Platform FUA rises 7% to $32.2 billion with $598 million net inflows despite market volatility
  • Scope+ non-custodial portfolio administration FUA grows 28% to $41.5 billion
  • Technotia merger advances with $9 million annual tech salary cost savings expected from FY27
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