Netwealth Group's Financial Milestone

Netwealth Group (ASX:NWL) has announced a significant achievement by surpassing $100 billion in Funds Under Administration (FUA) as of November 28, 2024. This milestone includes $99.5 billion in custodial FUA and $0.7 billion in non-custodial FUA. The company's growth is further supported by total FUA net inflows of $6.6 billion for fiscal year 2025, along with market movements of $5.6 billion.

Netwealth Group's Strategic Outlook

Netwealth Group's recent announcement of surpassing $100 billion in FUA marks a significant milestone in the company's 25-year history. This achievement underscores the company's robust growth and strategic initiatives in the financial services sector. With $6.6 billion in FUA net inflows for fiscal year 2025 and growing market movements, Netwealth continues to expand its market presence. The launch of a new online platform demonstrates the company's commitment to leveraging technology for improved client services, positioning it for future growth. As Netwealth celebrates its 25th anniversary, the company remains focused on innovation and client satisfaction, aiming to further strengthen its competitive edge in the industry.

Executive Commentary on Netwealth's Achievements

We are incredibly grateful to our clients and partners for their ongoing support and to our team for their hard work and dedication. This remarkable achievement reflects the success of our strategy to invest in our people, our platform and our product offering to deliver exceptional outcomes for our clients. We are excited to have launched our new online experience, which we believe will be a game-changer for the industry and will support the next phase of our growth journey.