Netwealth Group Ltd. (AU:NWL) has released an update.
Netwealth Group Ltd. reports a record-breaking September quarter in 2024 with Funds Under Administration (FUA) reaching $95.4 billion, bolstered by a combination of $4.0 billion in net inflows and positive market movements. The firm saw a significant increase in its Managed Account balances, which rose by 10.4%, and continued strong performance with additional retail Managed Accounts contributing to the growth. Overall, the company experienced a substantial 32.6% growth in total FUA and a 36.4% increase in Funds Under Management (FUM) compared to the previous year.
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