Netwealth tops $8b FUM milestone

Strong inflows and growing support from non-aligned advisers has seen platform provider, netwealth, exceed $8 billion in funds under management (FUM).

Netwealth joint managing director, Matt Heine, said the growth in FUM reflected the group's focus on providing great service and support alongside market leading technology and products.

"We are really pleased with how the platform is growing, and the increased adoption and awareness across the broader industry," he said.

Related News:

It's an exciting time for us and we are seeing a large increase in new opportunities as advisers focus on building better, more efficient businesses and delivering better client outcomes.

"We have introduced a significant amount of new functionality into the platform this year, including the launch of our managed account service, which has been really well received by our clients across different segments of the market including strong interest from traditional stockbroking and investment firms."

Related Content

Headline inflation flatlines quarter on quarter

The Australian Consumer Price Index (CPI) missed expectations of a 0.2 per cent quarter on quarter rise as the March quarter drew to a close, instead ...Read more

Global economy sees some stability return

The United States and Chinese economies are showing improvement and a recession could even be avoided, according to Etsy Dwek, head of global market s...Read more

Over three quarters of Aussie fund managers in favour of outsourcing

Nearly 80 per cent of Australian-based superannuation funds and asset managers would consider using an outsourced trading solution to improve their bu...Read more


Add new comment