How did Praemium (ASX:PPS) perform in Q3 FY26?

Praemium reported record total Funds Under Administration (FUA) of $73.7 billion, representing an 18% increase compared to the same period last year.

Why is the merger with Technotia significant for Praemium (ASX:PPS)?

The merger has triggered a formal restructure of Praemium’s technology function to streamline operations. For investors, this suggests management is focused on achieving post-merger synergies and improving the scalability of its platform tech.

What is driving growth in the Praemium "Platform" segment?

The Platform segment reached $32.2 billion in FUA, driven by $598 million in quarterly net flows. A standout performer was the Spectrum platform, which contributed $502 million of those flows and now manages $4 billion in assets.

How did the non-custodial segment perform for Praemium (ASX:PPS)?

The non-custodial portfolio administration segment, led by Scope+, saw "exceptional expansion" with FUA growing 28% to $41.5 billion. The total number of portfolios in this segment rose to nearly 12,000.

What are the main bull and bear points for Praemium after this update?

The bull case rests on strong organic growth in the Spectrum platform and the successful integration of large-scale partnerships like Bell Potter.

Is Praemium (ASX:PPS) managing market volatility effectively?

Yes, the company remained resilient despite a $923 million hit to FUA from negative market movements during the quarter.

Praemium FUA hits record $73.7B following merger

Written by Mahathir BayenaPublished Apr. 22 2026Last Updated Apr. 22 2026

Praemium (ASX:PPS) announced its third-quarter update for the 2026 financial year, headlined by an 18% year-on-year surge in total funds under administration, reaching a record $73.7 billion.

The growth comes alongside an internal transformation, as the firm’s technology function undergoes a formal restructure following its merger with Technotia.

The group’s "platform" segment proved resilient against global market volatility, which saw a negative market movement of $923 million.

Despite these headwinds, total Platform FUA rose to $32.2 billion, supported by quarterly net flows of $598 million.

A primary driver of this momentum was the Spectrum platform, which recorded $502 million in quarterly net flows, bringing its individual FUA to $4 billion.

The performance was bolstered by high-net-worth adviser demand and an expanded menu of 172 new investment options.

Meanwhile, the "non-custodial portfolio administration" segment, headlined by Scope+, experienced exceptional expansion.

FUA in this category grew 28% to $41.5 billion, with the total number of portfolios increasing to nearly 12,000.

Praemium attributed much of this success to the ongoing migration of the Bell Potter Private Wealth business, a strategic partnership established in mid-2025.

While the company noted gross outflows of $175 million from exited advisers, management expects these figures to diminish.

At the time of reporting, Praemium’s share price was $0.74.