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Netwealth Group Limited (ASX:NWL)

ALERT: Price-sensitive ASX Announcement for NWL
Current share price for NWL : $22.270 -0.62 (-2.71%)+
Announcement
Release
7 Jul 2026 8:26AM
Price at Release
$22.890
Full Release
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Summary
Netwealth Group Limited has entered into an agreement with Morgan Stanley Wealth Management Australia to expand their platform capabilities, providing a solution for ASX listed equities and domestic investments. This partnership marks a significant milestone in Netwealth's growth strategy within the stock broking and private wealth markets, which represents a potential $600 billion opportunity. Netwealth anticipates net flows of $15.4 billion for FY26, with an increase to $18-20 billion expected in FY27. The platform solution includes advanced technology for execution and investment management, allowing Morgan Stanley clients to transition assets to Netwealth. The company plans to double its funds under administration over the next four years, with a focus on scalability and high-quality client experience.
Key Points
  • Netwealth Group Limited (NWL) has announced an expansion of its relationship with Morgan Stanley Wealth Management Australia.
  • The agreement includes providing a platform solution for ASX listed equities and domestic investments.
  • Netwealth anticipates FY26 FUA net flows to be $15.4 billion.
  • FY27 FUA net flows are expected between $18B and $20B, reflecting a growth of 17% to 30% from FY26.
  • Netwealth aims to double its FUA over the next four years, with an EBITDA margin trending towards 50%.
  • The agreement represents a strategic milestone in Netwealth's expansion into the stock broking and private wealth market.
  • Netwealth's platform offers a single technology, execution, and administrative solution with a curated list of domestic investments.
  • The partnership with Morgan Stanley allows a subset of their clients to transition assets to Netwealth's platform.
  • Netwealth's growth is supported by investments in product and technology solutions, including iHIN capability.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.