Australia's Praemium adds $13.5B in annual funds
- Total funds under administration grew 21.1% over the year to hit $77.9 billion.
- Shares rose 2.19% to $0.70 following the fourth-quarter announcement.
- Outflows from historical adviser exits are projected to slow down into FY27.
Financial services provider Praemium (ASX:PPS) increased its total funds under administration by 21.1% to $77.9 billion in the 2026 financial year.
The growth came despite facing $522 million in known exit-related outflows from financial advisers over the twelve-month period.
"The fourth quarter finished off a strong FY26 for Praemium, with net inflows of $1.9 billion, reflecting continued adviser demand across our platform solutions and validating our strategic focus on the high-net-worth segment," said Praemium CEO Anthony Wamsteker.
Platform funds specifically expanded 10.8% during the year to $
Following the announcement, the Praemium share price was up at $0.70.
The group added 330 new investment options across its menus during the financial year to support client portfolio construction.
The company stated that with major platform migrations complete, drag from legacy transition activity is expected to continue moderating into FY27.
