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Company News Summary

Netwealth Group Provides September 2021 Quarterly Business Update and Outlook

14 Oct 2021  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: September 2021 Quarterly Business Update

Netwealth Group provided September 2021 quarterly business update and outlook. It reported funds under administration (FUA) at 30 September 2021 of $52bn, an increase of $4.8bn for the September 2021 quarter including the market movement of $0.8bn and an increase of $17.9bn to pcp. The FUM net inflows were of $0.9bn for the September 2021 quarter, including $0.7bn Managed Account net inflows. The Company's market share increased to 4.9% at 30 June 201 up 1.0% for the 12 months to 30 June 201.

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