Key Highlights

  • Praemium shares were trading at $0.605 during the 13 November 2026 session, up 6.14%.
  • Platform funds under administration rose 7.4% to $34.4 billion, with quarterly net flows of $274 million.
  • Scope+ funds under administration grew 30.3% to $45.5 billion.

During the Trading session on 13 November 2026, Praemium Ltd (ASX:PPS) shares were trading at $0.605, up 6.14%, while the S&P/ASX 200 was down 0.73% at 9,079.70 at 12:39 pm AEDT. Praemium provides Wealth Management platform and portfolio administration technology to financial advisers and investors. Its latest update was its Q1 FY27 funds under administration update, released on 14 October 2026.

Platform funds and net flows

Platform funds under administration increased to $34.4 billion, up 7.4% on the prior corresponding period. Praemium recorded quarterly net flows of $274 million, supported by continued adviser interest and Demand for its Spectrum platform. The company said flows eased from recent levels, reflecting softer industry inflow conditions across wealth management.

Scope and non-custodial administration

Funds under administration in the Scope+ non-custodial portfolio Business grew 30.3% to $45.5 billion. The number of portfolios administered through Scope fell 5.2% to 57,295, while the Scope+ administration portfolios rose 30.7% to 12,856.

Cash management holdings

Cash Management Holdings stood at $1.838 billion, representing 5.3% of platform funds under administration.

Sector context

Platform providers in Australian wealth management earn fees on funds under administration, so market movements and adviser flows both influence revenue. The shift toward non-custodial portfolio administration reflects changing adviser practices, and inflows across the sector have been affected by market conditions.

Risks investors are watching

Net flows slowed from earlier levels, and the company noted softer industry conditions. Revenue depends on the level of funds under administration, which is exposed to market performance. The decline in the number of Scope portfolios, even as Scope+ grows, also needs to be watched, along with competition among platform providers.

What to watch ahead

Investors will look for the Q2 FY27 funds under administration update, the trend in net flows and whether Scope+ growth continues. Spectrum client onboarding and any changes in Cash Management holdings will also be followed.

Final Word

Praemium's Q1 FY27 update shows continued growth in platform funds and growth in its Scope+ business, alongside slower net flows. The next quarterly figures will show whether this pattern holds.