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Netwealth Group Ltd. ( (AU:NWL) ) has shared an announcement.
Netwealth Group Limited reported a record-breaking performance for the March 2025 quarter, with Funds Under Administration (FUA) net flows reaching $3.5 billion, marking a 29% increase from the previous corresponding period. The company’s total FUA grew to $104.1 billion, despite a $1.0 billion negative market movement, demonstrating resilience against market volatility. The growth is attributed to high transition rates from existing financial intermediaries and strong new business conversions. The company’s diversified revenue sources and portfolio across various asset classes have contributed to its stability and limited impact on revenue amidst market fluctuations.
More about Netwealth Group Ltd.
Netwealth Group Limited is a prominent Australian wealth management and technology company. It specializes in providing financial services and solutions, focusing on wealth management and administration, catering to a diverse range of client segments including high net worth, mass, and emerging-affluent customers.
YTD Price Performance: -19.07%
Average Trading Volume: 482,629
Technical Sentiment Signal: Sell
Current Market Cap: A$5.43B
See more insights into NWL stock on TipRanks’ Stock Analysis page.