Netwealth Group Ltd
NWL: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.Gn | LOCK|@nP | LOCK|<G@xjK! |
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.
