Praemium Limited
(ASX:PPS) has announced that quarterly fund inflows have hit $432 million, making it the second highest quarter on record.
The inflows represent a 33 percent increase on the prior quarter, with around three quarters of the volume coming from the Australian arm of the business.
International inflows came in at $119 million and represented a 12 percent increase over the prior quarter.
During FY16 the company also launched 14 new white-label services in Australia and signed up 38 new firms on to its Separately Managed Account platform.
Praemium Limited reported a net profit of $1.34 million at 31 December 2015.
