Praemium (ASX:PPS) has reported a record total funds under administration of $62.3 billion as of March 31, marking a 17% increase from the previous year.
Platform funds under administration rose 24% to $30 billion, supported by strong inflows and solid performance across key segments.
The standout performer was the next-generation IDPS platform, Spectrum, which recorded net inflows of $440 million for the quarter, lifting its funds under administration to $513 million, including $2 million in market growth.
Separately managed accounts reached $12.3 billion, up 10% year-on-year, with $120 million in net inflows.
Powerwrap ended the quarter at $13.3 billion, despite net outflows of $66 million, while OneVue reported $4 billion in funds under administration, slightly down from its acquisition value of $4.1 billion, due to $130 million in net outflows.
Overall platform net inflows totalled $364 million, though a negative market movement of $451 million impacted results by approximately -1.5%.
Meanwhile, Scope+, Praemium's non-custodial portfolio administration service, grew 11% to $32.3 billion.
CEO Anthony Wamsteker attributed the strong quarter to growing demand for Spectrum and ongoing interest across the private wealth sector while confirming that the OneVue integration remains on track for completion by the end of the financial year.