• Spectrum platform launched with onboarded clients adding FUA
• Operational transformation to #1 platform for Security, Data and Integration
• Superannuation advances with enhanced service and new functionality

Praemium Ltd has provided a Q2 FY2025 update, highlighting key strategic progress and financial performance. The company has launched its Spectrum platform, which has onboarded clients and added to its total FUA. Praemium has also undergone an operational transformation, positioning itself as the #1 platform for Security, Data and Integration, and Decision Tools. Additionally, the company has made advancements in its superannuation offerings, enhancing service with upskilling, improved reporting and analytics, and new functionality for money in and money out phases. Praemium reported a 4% increase in total FUA to $62.1 billion, driven by strong net inflows of $371 million, with the Spectrum platform contributing $69 million in net inflows. The company's SMA and Powerwrap platforms also saw positive net inflows, while the OneVue platform experienced a net outflow of $37 million. Praemium's non-custodial Scope+ platform also saw a 5% increase in FUA to $31.9 billion, although portfolio numbers were affected by service rationalisation for low-balance accounts at a major client. The company added 7 new client groups during the quarter.