Fund managers including Spheria Asset Management, Asymmetric Asset Management, Forager Funds, Jencay Capital, Tamim Funds Management, SG Hiscock & Company, Underwood Capital, HD Capital Partners and DMX Asset Management have invested in Praemium Ltd (ASX:PPS).

Forager, Tamim and Jencay highlight strong net inflows, growing funds under administration, market share gains from legacy institutional platforms and a restructuring that should significantly reduce technology costs.

Forager notes Praemium's progress has not yet dispelled the bear case and it remains overshadowed by larger rivals HUB24 and Netwealth, making the next financial year critical.

Praemium Ltd. is a wealth management technology provider founded in 2001 and headquartered in Melbourne, Australia. The company offers a fully integrated digital platform for advisers and wealth managers, enabling the construction of holistic client wealth solutions. Praemium operates through two primary segments: Australia and International. Both segments provide financial planning software licenses and managed account platform administration. The Australian segment includes virtual managed accounts, while the International segment focuses on global platform administration. This integrated architecture allows for seamless digital delivery of investment management services to financial advisers and their end clients.