In this week’s Market Matters Video Update – Click Here – I encouraged Harry to do some work on independent platform provider Praemium (PPS) given its recent ~20% pullback. PPS is a smaller cousin of HUB & Netwealth however we think it’s well positioned to fill a niche in the platform space. PPS offers online portfolio administration services including separately managed accounts (SMAs), we use these at MM and I do for our managed accounts at Shaw. It’s growing strongly, it’s disrupting a fragmented market while it’s overseas business, after a long period of losing money is finally improving.
This is a smaller company with a market capitalisation of $338m versus HUB 24 (HUB) at $1.5b, however it’s an emerging company that MM is now keen on.
MM is bullish PPS below 70c
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