Netwealth Group Ltd

NWL: XASX (AUS)
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Netwealth: Growth to Slow, but Competitive Position Steady

Netwealth’s funds under administration, or FUA, and funds under management grew 15% and 24% year on year. Net FUA flows were 12% of FUA on a yearly basis, from 17% a year ago. The firm lowered its fiscal 2027 FUA net flow guidance to AUD 17 billion-AUD 19 billion, from AUD 18 billion-AUD 20 billion.

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