Praemium Limited (ASX: PPS) happens to be a global leader when it comes to the provision of Managed Accounts, investment administration as well as financial planning technology platforms. Mr. Dylan Navra is the Managing Director of Praemium Asia, and Mr. Mark Sanderson is the General Manager (International).
The company had released the report for the quarter ended March 2019. As per the press release dated April 23, 2019, the company witnessed combined quarterly gross platform inflows amounting to $744 million while UK/International gross platform inflows amounted to $234 million. The company encountered net platform inflows amounting to $438 million and the platform FUA (or Funds under Administration) stood at $8.9 billion. The platform FUA witnessed a rise of 13% over the quarter because of robust inflows as well as improvement in the equity markets.
Coming to the business highlights as per the release, the company witnessed a highly positive response with respect to the global rebrand and marketing campaign for Praemium’s Integrated Managed Accounts platform. Also, there has been an expansion of the Virtual Managed Account (or VMA) reporting solution to Morgan Stanley Wealth Management Australia and there was an incremental revenue amounting to $1 million. The release issued by Praemium Limited also stated that the company had released the next-generation integrated managed accounts platform to market during the quarter ended March 2019. Under the banner “Welcome to the Upgrade”, the fully integrated managed account platform gives advisers as well as wealth managers the ability to construct full breadth of managed accounts solutions for their clients with the help of digital platform experience.
The release also mentioned key components of upgrade which included a fully integrated managed accounts digital experience for the advisers and their clients which includes Separately Managed Accounts (or SMA) as well as Individually Managed Accounts (or IMA) under custody, non-custodial VMA (or Virtual Managed Accounts) to underpin the MDAs, IDPS as well as similar structures, and UMAs (or Unified Managed Accounts) that enable consolidated view of custody and non-custody investment assets. However, major expansion of the available platform custodial assets with addition of ASX 300 & MSCI 200 equities along with the broad range of managed funds, hybrid, XTBs as well as local and international ETFs and the launch of intuitive Adviser Portal and dashboard with individual adviser customisation were also some of the key components of the upgrade.
We would now have a look at how the stock price of Praemium Limited had performed in the past few months. As per Australian Securities Exchange (or ASX), the market capitalisation of PPS stood at ~$174.27 million and, at the time of writing, the company’s stock is trading slightly towards the 52-week lower price. In the span of past six months, the stock of PPS had delivered the return of -51.41% and, in the time frame of three months, the stock gave the return of -41.10%. At the time of writing (23 April 2019 AEST 02:09 PM), the stock of Praemium Limited is trading at A$0.450 per share reflecting a rise of 4.651%.
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