Praemium Ltd
Praemium Limited is an Australia-based company that helps financial advisers with investment, administration, and retirement solutions.
The business
Praemium Limited is an Australia-based company that helps financial advisers with investment, administration, and retirement solutions. The Company is focused on artificial intelligence (AI)-driven financial services. The Company's solutions provide access to global markets, alternative assets, and over 350 integrated SMAs. With technology and reporting, the Company enables advisers to manage, report, and administer complex wealth portfolios, with a digitized view of total wealth. From outsourced administration of non-custody assets to superannuation solutions, it delivers a complete wealth management platform. The Company's product categories include Administration, Investment and Retirement. Its Administration products include Scope and Scope+. The Company's Investment products include Spectrum and SMA. Its Retirement product is Super. Its platform includes reporting, digital experience, data integration, customizations, tax optimization, and alternative assets.
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Latest news
What to look out for as the $800bn investment platform sector feeds on itself
The head of investment platform Praemium (ASX: PPS) Michael Ohanessian sounds like he’s channelling the coronavirus when he says that “like any living organism, any organisation wants to survive.” But in this case, he’s referring to the need for the $800 billion a year adviser platform sector to grow and diversify at a time when […]
Praemium launches $55m takeover bid for Powerwrap to create Australia’s largest financial services platform
Investment administration platform developer Praemium (ASX: PPS) has announced a $55.6 million off-market conditional takeover bid for wealth management business Powerwrap (ASX: PWL). The companies have entered into a bid implementation agreement under which Praemium will acquire all the ordinary full-paid shares in PowerWrap which it does not already hold. The merger is expected to […]
Praemium attracts record annual gross inflows for 2018 financial year
Investment administration platform developer Praemium (ASX: PPS) has reported record annual gross inflows of A$3 billion, spurred by locking-in more key clients and renewals for existing clients during the past 12 months. The record A$3 billion gross annual inflow for the 2018 financial year was 50% higher than the previous financial year. Meanwhile, funds under […]
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