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.

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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."

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