Netwealth extends Morgan Stanley partnership
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The news: Fintech and wealth management provider Netwealth has extended its partnership with Morgan Stanley Wealth Management Australia by providing a technology platform for ASX-listed equities and domestic investments.
Netwealth said Morgan Stanley is its first major client following investment in product and technology in the stockbroking and private wealth management sector.
The numbers: Netwealth also flagged a preliminary result of FY26 of funds under administration net flows of $15.4 billion for FY26. It is also expecting FY27 funds under administration net flow to be between $18 billion and $20 billion, an increase of 17-30% on FY26.
The context: The company has also flagged that it has an ambition to double its funds under administration over the next four years, with EBITDA margin trending towards 50% over that time.
Some Morgan Stanley clients will have the option to transition their assets from Morgan Stanley’s legacy domestic platform to the Netwealth platform and will be available alongside Morgan Stanley’s proprietary global private wealth management platform.
Netwealth’s platform, which is designed to fit with “a wide range of stockbroking and wealth management participants and operating models”, also includes Individual Holder Identification Number functionality that allows multiple brokers to trade for the same client.
The platform offers a single technology, execution and administration solution for making a series of domestic investments like ASX-listed securities, managed accounts, managed funds, cash and term deposits.
What they said: “We are pleased to announce the expansion of our relationship with Morgan Stanley, which reflects the deliberate, multi-year investment we have made to extend our product and platform capabilities in a highly scalable way,” Netwealth CEO and managing director Matt Heine said.
The source: ASX
