Praemium Limited
(ASX:PPS) has reported strong growth in its Separately Managed Account platform.
The investment software provider’s SMA platform saw growth of 70 per cent over the past 12 months to $1.2 billion.
Praemium says the next phase of expansion will be the launch of its retail superannuation offering, Praemium SuperSMA.
CEO Michael Ohanessian says SMA has benefited from the inherent advantages of running model portfolios including interest from the wealth management industry.
Praemium generated a net profit of $4.3 million in fiscal 2013.
