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Praemium Reports Full Year Net Inflows of $1.4 Billion and Record Platform FUA of $44.0 Billion — ASX:PPS| ASX Mining News & Discussion
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Lykeshares Official
$PPS Praemium Reports Full Year Net Inflows of $1.4 Billion and Record Platform FUA of $44.0 Billion
Praemium, a leading provider of platform solutions, has released its results for the year ending 30 June 2023, highlighting significant growth in net inflows and total funds under administration (FUA). The company's Australian business recorded exceptional performance, demonstrating its strong position in the industry.

Key Results for the Year to 30 June 2023:

Total funds under administration reached $44.0 billion, a 9% increase from $40.5 billion in the previous year.

The platform's FUA increased by 14% to $22.2 billion compared to $19.5 billion in the previous year.

Praemium Separately Managed Accounts (SMA) experienced a remarkable growth of 19%, reaching $9.6 billion.

Powerwrap, another segment of Praemium's platform, achieved a 10% growth to $12.6 billion.

VMAAS, a non-custodial Portfolio Administration and Reporting Service, saw a 4% increase to $21.8 billion.

Net inflows for the financial year amounted to $1,362 million, a decrease from $2,938 million in the previous year. Praemium SMA and Powerwrap contributed $865 million and $497 ...
Praemium Reports Full Year Net Inflows of $1.4 Billion and Record Platform FUA of $44.0 Billion

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?