Praemium
Praemium is an ASX-listed Australian wealth management technology platform serving financial advisers and high-net-worth investors with integrated SMA, IDPS, administration, superannuation and whole-of-wealth reporting across approximately A$70.5 billion in FUA.
- Company typePublic
- Founded2001
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Praemium does
Praemium Limited (ASX: PPS) is an Australian wealth management technology platform founded in 2001, headquartered in Melbourne with offices in Sydney, Brisbane, Perth and an engineering centre in Yerevan, Armenia. The company serves licensed financial advisers, investment managers, family offices and high-net-worth investors through an integrated platform that combines custodial and non-custodial portfolio administration, Separately Managed Accounts (SMAs), an Investor Directed Portfolio Service (Spectrum), superannuation administration, and whole-of-wealth reporting across equities, managed funds, property and alternative assets. Its core products include Spectrum (next-generation IDPS and SMA technology with API connectivity), Scope and Scope+ (administration platforms), the SMA platform (350+ domestic and international model portfolios with automated rebalancing), Praemium Super, and acquired product lines from Powerwrap (2020) and Iress OneVue (April 2024).
Praemium generates revenue primarily through recurring platform administration fees calculated as a percentage of funds under administration, supplemented by superannuation product cost recoveries and third-party fees from financial institutions. At Q2 FY2026 the platform administered approximately A$70.5 billion in FUA (up 13.7%), with H1 FY2026 revenue from customers of A$56 million (+7.9% excluding OneVue adviser exits), underlying EBITDA of A$15.2 million (+17.9%), and statutory NPAT of A$9.6 million (+69.5%). Distribution is exclusively B2B through financial advisers and investment managers, with dedicated implementation managers, 24/7 support and a premium Investor Portal for end clients.
The company is led by CEO Anthony Wamsteker and operates through wholly-owned subsidiaries including Praemium Australia Limited, Powerwrap Limited, OneVue Wealth Services Ltd and Technotia Laboratories (acquired December 2025 to accelerate AI and automation). Approximately 40% of Barron's Top 100 Advisers in Australia are Praemium clients, and the company holds ISO 27001 certification and APRA-regulated superannuation arrangements via Diversa Trustees.
Praemium firmographics
Firmographics- Name
- Praemium
- Legal name
- Praemium Limited
- Website
- https://praemium.com
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Praemium is an ASX-listed Australian wealth management technology platform serving financial advisers and high-net-worth investors with integrated SMA, IDPS, administration, superannuation and whole-of-wealth reporting across approximately A$70.5 billion in FUA.
- Ownership category
- akta.pro rank
Praemium industry classification
Industry- Product category
- Wealth Management Platform
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG)
Keywords
Where Praemium is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Praemium business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Administration Fees: Fees for administering Praemium SMA, Praemium Spectrum, the Powerwrap Scheme and the OneVue Managed Account, including cash management fees, international securities fees, account keeping fees, and portfolio management as well as a general expense recovery fee. Fees are generally based on a percentage of the value of investments.
- Superannuation Product Fees: For Praemium Super and OneSuper products, fees are charged for recoupment of costs including costs for management of regulatory change, legal costs and custody costs.
- Third-Party Revenue: Fees and charges from third parties in connection with investments in Praemium financial products and services, including remuneration from financial institutions (banks, fund managers, investment managers) that provide certain services to investors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Fees based on percentage of investment value under administration |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Praemium product offering
Product offeringCore offering
Praemium operates a cloud-based wealth management technology platform that delivers integrated investment administration, portfolio management and reporting across custodial and non-custodial assets for financial advisers and wealth firms. The platform combines Separately Managed Accounts, IDPS/wrap, superannuation, pension, SMSF and multi-entity structures with whole-of-wealth reporting, automated rebalancing and digital client engagement. Key products are Spectrum (next-generation IDPS/SMA technology), Scope and Scope+ (administration platforms) and the SMA platform with 350+ model portfolios.
Product overview
Praemium is a next-generation investment and wealth management platform that operates as a unified platform-plus-modules architecture. The core platform integrates custodial accounts, non-custodial portfolio reporting, SMAs, IDPS/wrap, super, pension, SMSF, and multi-entity structures. Key products include Spectrum (next-generation IDPS and SMA technology), Scope/Scope+ (administration platforms), Separately Managed Accounts (SMA platform with 350+ model portfolios), and Super (retirement solutions). The platform also encompasses acquired brands from Iress OneVue (OneVue Managed Account, OneVue IDPS, YourChoice Super) and Powerwrap (Powerwrap Scheme) acquisitions. Platform features include Reporting, Digital Experience, Data Integration, Customisations, Tax Optimisation, and Alternative Assets. Praemium is unique in combining custodial and non-custodial capabilities with whole-of-wealth reporting across every asset class for high-net-worth investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Spectrum Next-generation investor directed portfolio service (IDPS) and separately managed account (SMA) technology platform integrating multi-currency capability, HIN asset administration, personalised investment strategies, and API connectivity for high-net-worth and sophisticated investors.
- Scope Administration platform delivering comprehensive reporting and administration designed to simplify complex portfolios. Enables advisers to manage both custody and non-custody assets with consolidated reporting, tax optimisation tools, corporate action management and flexible outsourcing options.
- Scope+ Enterprise-grade administration solution supporting large-scale advice businesses such as Bell Financial Group, providing comprehensive administration capabilities as part of Praemium's platform offerings with consolidated reporting and scalable customisation.
- Separately Managed Accounts (SMA) SMA platform offering 350+ domestic and international model portfolios with professional investment manager coverage, ESG filters, asset locks, substitutions and personalisation, and automated rebalancing with high accuracy. Praemium pioneered SMAs in Australia in 2005.
- Super Praemium Super is the company's superannuation solution for high-net-worth clients, providing the flexibility and sophistication required to meet evolving retirement and wealth needs within the broader platform ecosystem.
- Powerwrap Scheme Registered managed investment scheme operated by Powerwrap Limited (acquired by Praemium in 2020), providing wrap platform services for advisers.
- OneVue Managed Account Registered managed investment scheme operated by OneVue Wealth Services Ltd, acquired by Praemium in April 2024 as part of the Iress OneVue Platform Business acquisition.
- OneVue Investor Directed Portfolio Service Investor directed portfolio service (IDPS) operated by OneVue Wealth Services Ltd, acquired by Praemium as part of the Iress OneVue Platform Business acquisition.
- YourChoice Super Sub-fund of OneSuper, an APRA-regulated superannuation fund promoted by OneVue Wealth Services Ltd, acquired by Praemium as part of the Iress OneVue Platform Business acquisition.
Quantifiable outcome
- 13.7% increase in total funds under administration to $70.5 billion
- +4 more outcomes
Companies that use Praemium
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Praemium technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability1 record
Feature5 records
Praemium partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core technology, major, major acquisition and core.
- Technotia Laboratoriescore technologyPraemium acquired Technotia Laboratories, a specialist in advanced technology and computing machinery and intelligence (CM&I), for A$7.5 million. The acquisition aims to integrate Technotia's scientific and technological expertise to improve Praemium's AI capabilities and automation in wealth management. Daniel Lipshut was appointed CEO of Technotia following the acquisition.
- Bell Financial GroupmajorBell Financial Group (BFG) selected Scope+, Praemium's administration solution, to support its business following a comprehensive selection process. This represents a major client win strengthening Praemium's market leadership in administration.
- Iress Limitedmajor acquisitionPraemium completed the acquisition of the Iress OneVue Platform Business from Iress Limited. The acquisition added approximately $4 billion to Praemium's funds under administration (FUA) and expanded its client base, market share, and operational scale. OneVue Wealth Services Ltd, OneVue Wealth Assets Pty Ltd and Investment Gateway Pty Ltd were acquired on 15 April 2024.
- Diversa Trustees LimitedcoreDiversa Trustees Limited (ABN 49 006 421 638, AFSL 235153) is the trustee for Praemium Super and OneSuper superannuation funds. Each of PAL and OneVue have entered into sponsorship agreements with Diversa.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Praemium competitors and assessment
Company assessmentDirect peers
- Avaloq: Avaloq provides core banking and wealth management platform software to private banks and wealth managers globally. Its wealth platform functionality overlaps materially with Praemium's Scope/Spectrum offerings in portfolio administration and reporting.
- Hub24: Hub24 is Australia's leading SMA, IDPS and wrap platform operator with AUD ~$120B FUA, offering very similar products to Praemium (Spectrum, SMAs, reporting) to advisers and HNW investors. It is Praemium's closest direct competitor in the Australian HNW platform segment.
- FNZ Group: FNZ is a global wealth platform serving asset managers, advisers and banks with custody, trading and reporting. It is a direct competitor to Praemium in the underlying platform technology layer and increasingly active in the Australian and Asia-Pacific wealth market.
- Powerwrap (legacy): Powerwrap is now wholly owned by Praemium (acquired 2020) but historically competed as an independent wrap platform. It remains a peer reference point for Praemium's wrap/IDPS capability in the adviser market.
- GBST: GBST provides wealth management and broker technology including Composer platform for super and investment administration. It competes with Praemium in the Australian and UK wealth administration market and is a comparable peer in technology scope and target customers.
- Bravura Solutions: Bravura Solutions provides back-office and wealth management software (including Sonata platform) to superannuation funds, wealth managers and administrators globally. While more software-led than platform-led, it addresses the same wealth administration market and competes for the same institutional clients.
- Class Limited: Class Limited provides SMSF and accounting software to Australian advisers and accountants, overlapping with Praemium's SMSF and superannuation capabilities. Class is now owned by Class/Hub24 group and competes for adviser workflow budget alongside Praemium's platform.
- Netwealth: Netwealth provides a wealth management platform with SMAs, IDPS, super and reporting for advisers and HNW clients in Australia. It competes head-to-head with Praemium in adviser-led managed accounts and is a comparable peer in product set, target customer and fee structure.
Broad incumbents
- Macquarie Wrap / Macquarie Asset Management: Macquarie offers wrap, SMA and reporting solutions through its Banking and Financial Services group for advisers and HNW investors. It competes with Praemium as a broad incumbent with a much larger balance sheet and institutional brand.
- SS&C Technologies (Advent/GlobeOp): SS&C Technologies provides a broad suite of financial services software including wealth management, fund administration and trading platforms. It competes with Praemium at the larger institutional end of the wealth platform market and represents the kind of global incumbent expanding into Australia.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Praemium social profiles
Digital presencePraemium compliance and trust
Trust signalCompliance1 record
Praemium financial estimates
Financial estimateRevenue estimate
Valuation estimate
Praemium leadership team
Management profileNumber of profiles
Profiles11 records
Praemium subsidiaries and ownership
Company hierarchySubsidiaries8 records
Praemium funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Praemium M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Praemium
What does Praemium do?
Praemium operates a cloud-based wealth management technology platform that delivers integrated investment administration, portfolio management and reporting across custodial and non-custodial assets for financial advisers and wealth firms. The platform combines Separately Managed Accounts, IDPS/wrap, superannuation, pension, SMSF and multi-entity structures with whole-of-wealth reporting, automated rebalancing and digital client engagement. Key products are Spectrum (next-generation IDPS/SMA technology), Scope and Scope+ (administration platforms) and the SMA platform with 350+ model portfolios.
Is Praemium a public or private company?
Praemium is a public company. It is classified as public and is currently operating.
When was Praemium founded?
Praemium was founded in 2001. It employs 251 to 500 people.
Where is Praemium based?
Praemium is headquartered in London, United Kingdom, in the Europe region.
How does Praemium make money?
Three revenue lines are on record. Platform Administration Fees are the primary driver. The others are superannuation Product Fees and third-Party Revenue.
Who are Praemium's main competitors?
Direct peers on record are Avaloq, Hub24, FNZ Group, Powerwrap (legacy), GBST, Bravura Solutions, Class Limited and Netwealth. Broad incumbents are Macquarie Wrap / Macquarie Asset Management and SS&C Technologies (Advent/GlobeOp).
Does Praemium have an API?
Yes. Praemium offers API connectivity as part of its Spectrum platform. The platform provides API connectivity for streamlined onboarding and data integrations. Specific details on API type (REST, GraphQL), authentication method, rate limits, versioning, or sandbox availability are not publicly disclosed.
What industry is Praemium in?
Praemium's product category is Wealth Management Platform. Its primary akta.pro industry code is FSAAAAAG, Managed Accounts & Model Portfolios (SMA/UMA). Its NAICS code is 523940 and its SIC code is 6282.