Key Highlights:
- $100 billion FUA reached on the 25th anniversary of Netwealth, marking a significant milestone in the company’s journey.
- As of November 28, 2024, Netwealth’s FUA includes $99.5 billion in custodial FUA and $0.7 billion in non-custodial FUA.
- Year-to-date FUA net inflows for FY2025 total $6.6 billion, with an additional $5.6 billion in market movement.
- The company’s flagship Managed Account has now exceeded $20.6 billion, reflecting accelerating industry adoption.
- A new online platform for advisers and investors has been launched, further enhancing user experience and supporting future growth.
CEO’s Reflections on the Milestone
Matt Heine, CEO and Managing Director, shared his thoughts on this milestone and the future of Netwealth:
“Today is a momentous day as we celebrate our 25th anniversary and surpass the incredible milestone of $100 billion in Funds Under Administration. This achievement reflects the trust and commitment of our clients, investors, and partners over the years, and the dedication of the talented Netwealth team.
We started with a simple but powerful vision 25 years ago—to create an innovative online wealth management platform. It’s remarkable to see how far we’ve come. In 2007, we achieved our first billion dollars of FUA, and today, with $100 billion administered, we are 100 times that original goal. Our flagship Managed Account has also surpassed $20.6 billion, as more advisers and investors turn to us for their wealth management needs.”
Looking Ahead: The Next Chapter
- Launch of New Online Platform: Netwealth has introduced a modern, intuitive, and interactive online platform, enhancing the experience for advisers and investors alike. This new interface is expected to drive further growth and streamline user engagement.
- Positive Industry Impact: The company is proud of the positive impact it has made within the wealth management industry, on clients, employees, and the wider community. As Netwealth continues to grow, it remains focused on improving the financial futures of its clients, with a goal of assisting one million Australians.
Matt Heine further expressed gratitude:
“None of this success would have been possible without the dedication of our clients, partners, and the hard work of the entire Netwealth team. On behalf of myself, Michael Heine, and the Netwealth Board, I’d like to extend my heartfelt thanks to everyone who has been part of our journey.”
Netwealth’s journey to $100 billion FUA is a testament to the company’s strong growth, innovation, and commitment to providing valuable wealth management solutions. The introduction of a new online platform positions Netwealth for continued success in the coming years.
