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Netwealth Group Limited (ASX:NWL)

ALERT: Price-sensitive ASX Announcement for NWL
Current share price for NWL : $16.970 -6.2 (-26.76%)+
Announcement
Release
16 Jul 2026 8:23AM
Price at Release
$23.170
Full Release
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Summary
Netwealth Group Limited reported solid financial performance in the June 2026 quarter, with total Funds Under Administration (FUA) reaching a record $135.7 billion, an increase of 20.3% for the financial year 2026. The company experienced custodial inflows of $8.4 billion, a 10.9% rise compared to the previous corresponding period, despite challenges such as market volatility and tax changes. Netwealth's Funds Under Management (FUM) also grew, reaching $34.6 billion, driven by a 29.9% increase in Managed Account FUM. The company established 75 new intermediary relationships and launched several platform enhancements, including a private wealth offer and a generative AI solution named Nova. Looking ahead, Netwealth anticipates further growth in FUA net flows for FY27, supported by strategic investments and platform innovations.
Key Points
  • Netwealth's total FUA reached $135.7 billion in FY26.
  • Custodial inflows were $8.4 billion, up 10.9% from the previous period.
  • Managed Account FUM increased by 29.9%, reaching $30.5 billion.
  • 75 new intermediary relationships established in the quarter.
  • Nova, a generative AI solution, was introduced for client assistance.
  • Expectations for FY27 include FUA net flows of $18B - $20B.
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.