Praemium
(ASX:PPS) the financial services software platform company, has set another record for inflows and funds under management.
The company hit record quarterly inflows in September (2017) of $749 million. In Australia alone, quarterly inflows hit $587 million, reflecting the demand for Praemium’s superannuation offering.
Its funds under administration (FUA) also hit record levels of over $6.6 billion.
Praemium says it’s focused on building on the strong momentum and made the decision to invest in technology, sales, marketing, as well as expanding its management depth.
Shares in Praemium
(ASX:PPS) closed 2.41 per cent lower yesterday to $0.41.
