netwealth records 22pc growth
Non-institutional platform provider, netwealth, has amassed more than $9 billion in funds under management (FUM), with strong inflows and steady growth across its wealth management, IFA, and private client sectors.
This comes as a milestone achievement for netwealth, with joint managing director, Matt Heine, confident that the provider will continue to grow as it widens its scope of work.
"We are really pleased with how the platform is growing, and the increased adoption and awareness across the broader industry," he said.
"We are seeing a large increase in new opportunities as advisers focus on building better, more efficient businesses and delivering better client outcomes."
According to Heine, netwealth will launch a further seven private labels over the coming months as well as a direct international offering in collaboration with a specialist manager.
The provider will now up its focus on market integration and fintech within the advice market.
AUTHOR
Hope William-Smith
Recommended for you
Betashares is to merge its managed account business with InvestSense to form a purpose-built option for financial advisers, forecasting a positive outlook for future industry growth.
With fund managers using ETFs as a way to reach the adviser market with a diversified product range, Betashares has shared how many ETFs were listed and closed during the first half of 2025.
Platinum Asset Management’s head of investment, Douglas Isles, has departed the fund manager after 12 years as the firm reshapes the business amid a merger with L1 Capital.
Investment consultancy Ascalon Capital has looked to research houses for hires, appointing one each from Zenith and Lonsec while Zenith has made an internal promotion.
