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PRAEMIUM LIMITED — Capital/Financing Update 2015
Apr 19, 2015
65606_rns_2015-04-19_104cfa3a-f454-4efe-b660-c34e192ae0c2.pdf
Capital/Financing Update
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Quarterly Update – Record inflows in March 2015 quarter
20 April 2015, Melbourne: Praemium (ASX: PPS) is pleased to advise that it achieved record gross platform inflows during the March 2015 quarter. The total gross inflows across the Australian and International SMA platforms were $461 million, 19% higher than the previous record quarter in December 2014 of $387 million.
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Total assets on platform at 31 March 2015 were $3.6 billion, with $2.3 billion for the Australian platform and $1.3 billion $1.3 billion (£0.7 billion) for the International platform. Compared to this time last year, this represents an increase of 76% for the Australian SMA platform and 41% for the International platform.
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Praemium CEO Michael Ohanessian said, “The growing acceptance of SMAs as the next evolution in platform technology continued to drive our strong performance this quarter. The dramatic shift toward managed accounts in Australia is accelerating as financial advice firms seek to significantly increase productivity while improving the investor experience. We expect to see strong asset growth from both new and existing clients.”
About Praemium : Praemium is a global leader in the provision of investment administration, Separately Managed Account (SMA) and financial planning technology platforms. Praemium administers in excess of 300,000 investor accounts covering approximately $80 billion in funds globally, and currently provides services to approximately 700 financial institutions and intermediaries, including some of the world’s largest financial institutions. For further information contact: Mr Paul Gutteridge, Company Secretary +613 8622 1222