Praemium (PPS)

Shares / Stock Code

PPS

Stock Exchange / Sharemarket

Australian Securities Exchange

Praemium (PPS) is an online provider of share portfolio management services for accountants and financial advisers. The company has also developed leading proprietary technology for the operation and administration of the Separately Managed Accounts investment structure, used exclusively (in Australia) by Merrill Lynch Investment Managers Limited in the provision of its White Labeled SMA products.

Praemium Limited was formed in 2001 and was listed on the Australian stockmarket (ASX) in May 2006 when the company raised $18M and had a market capitalisation of $51.8M. The company originally provided software to financial advisors and has more recently branched out to offer SMA products to the Australian and UK financial advisor markets.

PPS's UK Smartfund platform offers greater flexibility to investors and advisors than many of the wrap products on the market as investors maintain beneficial ownership to their underlying investments.

Praemium major competitor in the planner software market is IRESS with over 60% market share. The SMA market in Australia is still in its early phases of development with a series of small players offering platforms to SMA dealer groups. The larger financial institutions who control the largest dealer groups have or are likely to develop their own competing SMA platforms. In the UK the advisor market is dominated by large life insurers who all have their own competing Wrap platform products.

In the United Kingdom, the Company concentrates on the development and distribution of services that rely on its SMA technology. The services it offers include Discretionary Platform Service (dps Select), SMARTfund and Capital Gains Tax Services.

Praemium (PPS) Products and Services

  • Portfolio administration services.

Praemium (PPS) Locations and Subsidiaries

Praemium Head Office
Level 1, 406 Collins Street, MELBOURNE,
VIC, AUSTRALIA, 3000
Phone: (03) 8622 1222
Fax: (03) 8622 1200

Praemium (PPS) Share Price

Submitted by ASX Listed Company on 20 May, 2010 - 04:27

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