PPS turned on a lucrative revenue stream last month when the RBA raised to 85bpt.
Using rough numbers, I can see an extra $5mln minimum in revenue which started last month based on 5% of platform assets (approx $20bln) being held in cash and PPS earning 50bpt on this cash ($1bln x 50bpt). Lazy advisors will hold more than 5% of client money in cash and I believe this estimate is very conservative. NWL at one point earned 25% of their income from their 50bpt charge on cash, which I note has now moved to 65bpt.
PPS turned on a lucrative revenue stream last month when the RBA...
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Last
78.5¢ |
Change
-0.005(0.63%) |
Mkt cap ! $375.0M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 80.0¢ | 77.5¢ | $1.686M | 2.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 53213 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2025 (20 minute delay) ? |
| PPS (ASX) Chart |