Netwealth Announces Board Changes and New Chair Appointment

Netwealth Group Ltd. ( (AU:NWL) ) has shared an update.

Netwealth Group Ltd has announced significant changes to its board of directors, with Michael Wachtel appointed as an independent non-executive director and set to become the new Chair effective September 2025. This transition follows the retirement of Tim Antonie, who has been instrumental in the company’s growth, overseeing an increase in Funds Under Administration from $7 billion to $104.1 billion. The leadership change is expected to bring fresh perspectives and continue the company’s strong growth trajectory.

The most recent analyst rating on (AU:NWL) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.

More about Netwealth Group Ltd.

Netwealth Group Ltd is a financial services company listed on the Australian Securities Exchange (ASX: NWL). Founded in 1999, it is one of the fastest growing wealth management businesses in Australia. The company offers a range of financial products including superannuation, investor directed portfolio services, managed accounts, managed funds, and self-managed superannuation fund administration services.

Average Trading Volume: 539,299

Technical Sentiment Signal: Buy

Current Market Cap: A$7.79B

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