netwealth records 22pc growth
Non-institutional platform provider, netwealth, has amassed more than $9 billion in funds under management (FUM), with strong inflows and steady growth across its wealth management, IFA, and private client sectors.
This comes as a milestone achievement for netwealth, with joint managing director, Matt Heine, confident that the provider will continue to grow as it widens its scope of work.
"We are really pleased with how the platform is growing, and the increased adoption and awareness across the broader industry," he said.
"We are seeing a large increase in new opportunities as advisers focus on building better, more efficient businesses and delivering better client outcomes."
According to Heine, netwealth will launch a further seven private labels over the coming months as well as a direct international offering in collaboration with a specialist manager.
The provider will now up its focus on market integration and fintech within the advice market.
AUTHOR
Hope William-Smith
Recommended for you
Investment solution provider Channel Capital has appointed James Archer as its latest distribution director, joining from Pinnacle Investment Management.
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
Global private markets firm Partners Group has launched an evergreen fund to provide Australian advisers with access to its cross-sector royalties strategy.
