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Netwealth Group Ltd. ( (AU:NWL) ) has provided an announcement.
Netwealth Group Limited has reached an agreement with ASIC to compensate members impacted by the collapse of the First Guardian Master Fund, with a total compensation of $101 million to be credited to affected accounts by January 2026. This decision reflects Netwealth’s commitment to member support and operational integrity, while the financial impact of the compensation is set to be absorbed through a combination of cash and debt, leaving the company in a strong financial position and reaffirming its FY26 guidance for future operations.
The most recent analyst rating on (AU:NWL) stock is a Buy with a A$31.50 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 Limited operates within the financial services industry, offering superannuation and investment solutions with a focus on client-centric technologies and services, ensuring efficient wealth management operations.
Average Trading Volume: 580,785
Technical Sentiment Signal: Sell
Current Market Cap: A$6.6B
Learn more about NWL stock on TipRanks’ Stock Analysis page.