Netwealth FUA ends FY25 at $112.8bn
High transition rates from financial advisers have helped Netwealth’s funds under administration (FUA) rise by $8.7 billion in the fourth quarter of FY25.
This included $3.8 billion in quarterly net flows and $4.9 billion from positive market movements, the platform said in an update for the three months to 30 June.
Over the 12-month FY25 period, total FUA rose by $24.8 billion to stand at $112.8 billion which comprised $15.8 billion in net flows and $9 billion in market movement.
“FUA inflows were driven by consistently high transition rates from existing financial intermediaries and strong conversion rates of new business from a broad range of client groups and segments,” the firm said.
Funds under management (FUM) saw net flows of $1.1 billion for the quarter, 16 per cent higher than the prior corresponding period, which caused the total FUM to reach $27 billion. This was primarily concentrated in managed account products which accounted for 96 per cent of the flows while managed funds contributed $40 million.
Flows into managed funds were down 74 per cent from the prior corresponding period when they had stood at $154 million.
A total of 60 managed models are now available on the firm’s Accelerator Core product and 136 managed model suites available overall, comprising 799 models.
“This underscored the strength of managed accounts in enabling advisers to quickly and efficiently manage clients’ portfolios during periods of heightened volatility.”
During the quarter, a multi-asset series of separately managed accounts from Activam Group were added to the platform which blend a mix of asset classes to optimise client outcomes while managing risk, and provides a greater choice to match client goals and risk profiles.
Looking ahead, the firm said it is “confident” in its future flows outlook and expects to attract new advisers and clients to the platform.
“We remain confident in our net flows outlook for FY26 and beyond, across a broad range of client groups and customer tiers. This confidence is supported by strong levels of FUA inflows and new account openings in Q4, robust transition pipelines and continued success in attracting new advisers and their clients.”
AUTHOR
Laura Dew
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