praemium australia

What praemium australia does

Praemium Limited (ASX: PPS) is an Australian wealth management platform provider founded in 2001 and headquartered in Melbourne, with additional offices in Sydney, Brisbane, Perth, and an IT development operation in Yerevan, Armenia. The company operates a proprietary investment platform — anchored by the Spectrum IDPS/SMA product, the Scope and Scope+ reporting and administration modules, the SMA platform with 350+ model portfolios, and the Praemium Super retirement solution — to serve financial advisers, private wealth firms, and high-net-worth investors. Its platform combines custodial and non-custodial portfolio reporting, consolidated whole-of-wealth views across ASX and over 4,000 international securities, managed funds, unlisted assets, and alternative investments, with tax optimisation, automated rebalancing, and ISO 27001 certified security. The group administers AUD 67 billion in funds under administration (as at 30 September 2025) on behalf of Australian advice businesses.

Praemium earns revenue primarily through recurring platform administration fees, investment management fees, superannuation product fees, and third-party service revenue, all generally calculated as a percentage of assets under administration — a subscription-style model tied to client FUA. The business has been built through organic development and serial acquisitions, including Powerwrap (2020), OneVue Wealth Services (April 2024), and Technotia Laboratories (December 2025). Distribution is exclusively B2B through financial advisers, model portfolio managers, and institutional partners; the company does not serve retail investors directly. For FY 2026, Praemium reported revenue of AUD 110.5 million (+5.7% YoY) and underlying EBITDA of AUD 32.1 million (+14.5% YoY), with statutory NPAT of AUD 6.5 million after a AUD 5.8 million software write-off.

The platform targets Australia's high-net-worth advice market, supported by research indicating AUD 3.3 trillion in HNW investable assets and 75% of HNW advisers' clients now holding non-custody assets. Praemium positions itself as a category leader in complex-wealth administration and SMA technology, with ongoing investment in next-generation capabilities via the Technotia acquisition, the Spectrum platform, and an FY 2027 synergy programme targeting AUD 12 million in combined OneVue and technology restructure savings.

Name

praemium australia

Legal name

Praemium Limited

Website

https://praemium.com.au

Company type

Public

Founded year

2001

Operating status

Operating

Short description

Praemium Limited is an ASX-listed Australian wealth management platform provider offering investment administration, managed account (SMA), IDPS, and consolidated reporting solutions. It serves financial advisers, private wealth firms, and high-net-worth investors through proprietary Spectrum, Scope, and SMA products.

Ownership category

akta.pro rank

Product category

Wealth Management Platform

NAICS

Pension Funds (52511)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

akta.pro secondary industries

Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Wealth management platform
• Managed account administration
• Portfolio reporting software
• Separately managed accounts
• Investment platform technology

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform Administration Fees: Fees for administering the Praemium SMA, Praemium Spectrum, Powerwrap Scheme and OneVue Managed Account, including cash management fees, international securities fees, account keeping fees and portfolio management as well as general expense recovery fees. Generally based on a percentage of the value of investment.
2. Investment Management Fees: Fees from managing separately managed accounts and investment portfolios on behalf of clients
3. Revenue from Third Parties: Revenue from financial institutions including banks, fund managers, investment managers that provide services to investors in Praemium financial products and services. Related party Investment Gateway Pty Ltd provides managed fund administration services.
4. Superannuation Product Fees: Fees for Praemium Super and OneSuper products including costs for management of regulatory change, legal costs and custody costs recouped through trustee-approved fees

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Praemium provides a proprietary wealth management platform that combines custody, non-custodial reporting, Separately Managed Account (SMA) administration and wrap/IDPS services for financial advisers, wealth managers, investment managers and high-net-worth investors in Australia. The platform enables consolidated whole-of-wealth reporting across ASX and over 4,000 international securities, bonds, managed funds, unlisted assets, alternatives and cash, supported by automated rebalancing, tax optimisation, API connectivity and an investor portal.

Product overview

Praemium is a next-generation investment and wealth management platform that offers a unified platform-plus-modules architecture. The core platform Spectrum integrates SMA capability, modern IDPS functions, API connectivity, and streamlined onboarding for advanced advice businesses. Supporting modules include Scope (consolidated reporting and administration) and Scope+ (full administrative support add-on), while the SMA platform provides separately managed account functionality and Super delivers retirement solutions. The platform combines custodial and non-custodial portfolio reporting, SMAs, IDPS/wrap, super, pension, SMSF and multi-entity structures, enabling advisers to manage all assets in one unified view.

Differentiator

Problem solved

Functional benefit

Brands

• Spectrum: Next-generation IDPS and SMA technology platform designed for complex wealth management needs, integrating multi-currency capability, HIN asset administration, and personalised investment strategies
• Scope
• Scope+
• SMA
• Super

Products and services

• Spectrum Next-generation IDPS and SMA technology platform designed for complex advice needs, integrating multi-currency capability, HIN asset administration and personalised investment strategies with advanced portfolio management, reporting, compliance and API connectivity.
• Scope Comprehensive reporting and administration platform enabling advisers to build bespoke portfolios while managing external execution and custody, delivering consolidated reporting across ASX and over 4,000 international securities, bonds, managed funds, unlisted assets and cash.
• Scope+ Full administrative support solution combining Scope features with portfolio reconciliation, mail sorting, corporate action processing and document management for outsourced back-office operations.
• SMA (Separately Managed Accounts) Separately Managed Accounts platform offering access to over 350 domestic and international model portfolios across listed securities, ETPs, managed funds and cash, with customisation tools including ESG filters, asset locks, substitutions and advanced automated rebalancing technology.
• Super Integrated retirement solution delivering holistic superannuation management with accounts for every life stage and self-service tools that simplify contributions and processing for advisers and their clients.

Quantifiable outcome

• Revenue growth of 5.7% to AUD 110.5 million in FY 2026
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature9 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Technotia LaboratoriescoreTechnology or Integration · 15 December 2025Acquisition of Technotia Laboratories, a specialist in advanced technology and computing machinery and intelligence (CM&I). This acquisition brings world-class scientific, engineering and design expertise in-house, significantly strengthening Praemium's advanced technology, computing and machine intelligence capabilities.
• Bell Financial GroupcoreChannel Partner/ Reseller/ Distributor · 10 July 2025Bell Financial Group selected Praemium's Scope+ administration solution following a comprehensive selection process to support their business operations.
• Diversa Trustees LimitedcoreStrategic or Co-development PartnerTrustee for Praemium Super and OneSuper superannuation funds. Diversa holds RSE Licence No. L0000635 and provides trustee services for Praemium's superannuation products.
• OneVue Wealth Services LtdcoreStrategic or Co-development PartnerOneVue Wealth Services Ltd operates the Investor Directed Portfolio Service, responsible entity of the OneVue Managed Account, and promoter of YourChoice Super sub-fund of OneSuper. Acquired by Praemium on 15 April 2024.
• Powerwrap LimitedcoreStrategic or Co-development PartnerPowerwrap Limited is the responsible entity of the Powerwrap Scheme (ARSN 137 053 073), an IDPS-like scheme. Acquired by Praemium in November 2020.
• Model Portfolio ManagerscoreChannel Partner/ Reseller/ DistributorProfessional investment managers providing model portfolios for the SMA platform. Over 350 domestic and international model portfolios available, enabling advisers to access professional investment management.
• Oaktree CapitalminorStrategic or Co-development PartnerFeatured in Praemium's Investment Leaders Podcast series discussing private credit markets and investment strategies. Oaktree is a global alternative investments firm with over US$200 billion in assets under management.
• Lloyds Bank (UK Joint Venture)minorStrategic or Co-development PartnerJoint venture partnership with Lloyds Bank in the UK for private credit origination, extending Praemium's deal flow through Lloyds' origination network.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HUB24: HUB24 is the leading Australian SMA and IDPS platform serving financial advisers and HNW clients, directly competing with Praemium in the same managed accounts and wrap platform category with overlapping product suites and similar GTM.
• Netwealth: Netwealth is a major Australian wealth management platform offering SMA, IDPS/wrap and superannuation services to advisers and HNW investors, competing head-to-head with Praemium on platform functionality, fees and adviser relationships.

Broad incumbents

• BT Panorama (Westpac): BT Panorama is Westpac's flagship wealth platform offering SMA, IDPS and superannuation capabilities at scale under a major bank brand, providing an enterprise incumbent alternative to Praemium for advisers and institutional clients.
• Macquarie Wrap: Macquarie Wrap is a large-scale wrap and managed accounts platform from Macquarie Group serving advisers and HNW investors with broad asset coverage and institutional backing, directly overlapping with Praemium's platform offering.
• Insignia Financial (IOOF): Insignia Financial operates multiple Australian wealth platforms (including MLC and Expand) offering managed accounts, wrap and superannuation, making it a broad incumbent competitor for adviser-sourced FUA that Praemium also targets.
• FNZ Group: FNZ is a global wealth management platform provider serving major financial institutions with end-to-end platform, advice and administration technology, comparable to Praemium in product scope but operating at much larger global scale.
• SEI Investments: SEI Investments provides institutional and private wealth technology, including managed account and unified managed household platforms, comparable to Praemium's SMA and consolidated reporting capabilities for HNW and adviser segments.
• SS&C Advent: SS&C's Advent business provides wealth and asset management technology including portfolio management and reporting tools used by large institutions and wealth managers, broadly comparable to Praemium's portfolio administration and reporting offerings.

Emerging players

• Class Limited: Class Limited provides portfolio accounting, SMSF and investment reporting software to Australian advisers, complementing and partially competing with Praemium's Scope and SMSF capabilities around reporting and administration workflows.
• Bravura Solutions: Bravura Solutions provides wealth management and transfer agency software to Australian and UK financial institutions, including platforms comparable to Praemium's Spectrum and Scope, with overlap in target market and technology stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about praemium australia