Our September quarter update. Our apologies for some technical issues when we were going to go live this morning. Instead of that, we are now doing this recording. Thank you for your attention and apologies for taking time out of your diary this morning with our technical hitches. If I just could acknowledge the traditional custodians of country and pay our respects to their elders past and present. I draw your attention to the disclaimer, even though I won't read it. It is available on the presentation that is up on the ASX website. This morning, Emma and I will record this podcast or webinar to just go through the results and give a bit of a different perspective than you get just by reading the release and the PowerPoint slides.
I'm delighted to be joined by Emma for her first presentation as CFO, having joined us about three weeks ago. Thanks, Emma, for joining us. You can see there the agenda, and we will just work through where we're up to on our various strategy items. I'll hand over to Emma to talk about the flows for the quarter and where we are on FUA. In terms of the strategy, you've all seen this slide before, and you know the five areas that we focus on across the top of this chart. As I've said before, what we try to do is just give you an update on some of the progress we've made in each of the five strategic areas. It hasn't been that long since we did an update at the time of the full-year results in August.
Nevertheless, it's worth just talking about some of the additional progress we've made through that since then and some of the things that we're particularly excited about. In terms of the product, it doesn't sound all that exciting, but the API integration and capabilities that we continue to build out, it builds on a strength. We often get rated number one for integrations and interfaces or connectivity to other tools in the market. It's very important when we win accounts that we understand the full desktop that the new group uses in terms of tools that their advisors use. Often, that includes the CRM tools that they're using and the planning tools that they're using, as well as other applications that help them to manage their client base.
When we win new clients into Spectrum, that gives us a whole new range of desktops that we're serving and need to integrate with. That's why after the product launch, it gives us plenty of work to do for the coming few months as we interface to more and more planning tools or CRMs and other applications used by advisors. That is a very important initiative, as is the work to access global funds through a new platform that Clearstream, one of our custodians, has launched and our primary custodian for alternative assets. We are very grateful to be able to use the Clearstream Vestima platform. It's more efficient for our advisors, and it gives them a wider range of access to global funds. That is a very important part of continuing to broaden out the product suite that is available through our platform.
In terms of operations and service, you've all heard me talk before about the opportunity that's in front of us with the developments around AI and automation. We continue to work to explore opportunities there and invest heavily in that. Our CapEx was elevated in the second half of the last financial year and continues to be quite elevated at the moment because we've got the capital available to us and there are some wonderful opportunities that will deliver a very high return on investment. We are taking the opportunity to drive our operations and service through AI and automation initiatives. That is also a big factor behind our superannuation build. We have been disappointed with our superannuation offering in the market. Fortunately, it hasn't really damaged our growth because a lot of our high net worth advisors use self-managed super funds.
Increasingly, we need to have a sophisticated and market-leading retail superannuation offering as well to fully exploit the opportunities provided by our investment platform. Again, just the relationship that we've built with TechNotia Laboratories gives us a great opportunity to build out a market-leading capability. We increasingly talk about a transformational approach to superannuation that we're taking with TechNotia. Finally, on growth, our number one business priority is onboarding. It's a great position to be in. The number one business priority is onboarding client wins. That is well known throughout our business. That's our number one priority. In addition to that, the sales pipeline is extraordinarily strong as well with a number of opportunities across our product range. Particularly at the moment, there's some very good wins coming through the sales pipeline on the Scope+ portfolio.
With that, it's a good opportunity to introduce Emma as our CFO and ask Emma to talk through the flows and the FUA. Welcome, Emma, and thanks for joining us.
Thank you, Anthony. Firstly, I'd like to start by saying I'm very happy to be joining Praemium and look forward to the opportunity to connect with key stakeholders over the coming months. As these results show, FUA is growing, supported by the strong adoption of Spectrum. At the end of the quarter, total FUA was AUD 67 billion, 4% higher than last quarter and 13% higher year- on- year. Focusing on platform FUA, this increased 10% year- on- year to AUD 32 billion and was supported by the growth in Spectrum. At AUD 667 million, the platform quarterly net inflow was the strongest in over two years. This excludes OneVue. However, it should be noted that the Spectrum outflows were high due to outflows for OneVue customers that had been moved to Spectrum but were expected to exit.
Spectrum's FUA was AUD 3.3 billion, up from AUD 2.4 billion at the end of June, with net inflows of AUD 299 million in the quarter. We are pleased that Spectrum achieved over AUD 1 billion of new business inflows in its first 10 months from launch, demonstrating the strength of the solution and its increasing traction among high net worth advisors. The pipeline for Spectrum is encouraging, and we will monitor the trends over the financial year to inform a view on longer-term performance expectations. SMA's net inflows of AUD 237 million for the quarter lifted FUA to AUD 13.6 billion, an increase of 14% year- on- year. Future growth in the Morgan's onboarding is a key priority for the business. In the quarter, we saw stabilization of advisor exits from PowerApp, which had impacted the last two financial years.
Outflows were down for the quarter from the elevated run rate, and with higher inflows, there was a strong positive net inflow of AUD 131 million for the quarter. PowerApp FUA was up 8% year- on- year at AUD 14 billion. Whilst we expect new growth to flow to Spectrum, the headwinds for PowerApp have subsided. OneVue FUA decreased to AUD 1.1 billion in the quarter, with AUD 474 million transferred to Spectrum, following on from the AUD 1.7 billion transferred in the previous quarter. The transition remains on track, with final transfers anticipated this quarter. Moving to the portfolio business, non-custodial Scope + FUA was up 15% year- on- year at AUD 35 billion, with five new advice groups added and an increase in portfolios to 9,800. However, due to a managed client exit, Scope reduced by around 4,000 portfolios during the quarter.
The previously announced Bell Potter win for Scope + will add a further 2,300 portfolios and FUA of approximately AUD 6 billion. We expect future growth to be supported by the strong pipeline. Also, the Scope repricing effort is well underway and will have a positive overall impact on revenue. We have set out here our detailed numbers for your reference, and we can walk through those if anyone has any questions after the call.
Great. Thanks, Emma. There are a couple more slides just there that we won't refer to in the presentation, but they just give a bit further detail on the information that we've presented today. Once again, apologies for the technical hitch this morning. I'm looking forward to the opportunity for all of you to meet Emma in a live environment. Some of you have met Emma already. Some of you have been invested in previous businesses that she's been involved with, so you know a bit about her already. We look forward to the opportunity to catch up with you all again soon. Thanks again for taking the time to register for the call and to listen to this recording of our results presentation. Enjoy the rest of your day!