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
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
