Netwealth posts 20% surge in FY26 funds under administration
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The news: Netwealth has recorded a 20% year-on-year increase in its total funds under administration (FUA) to $135.7 billion, driven by sustained positive inflow momentum across its products, services and markets segments.
The numbers: Fourth-quarter custodial inflows rose 11% year-on-year to $8.4 billion, while managed account funds under management (FUM) experienced a 30% annual surge to $30.5 billion. Net inflows for the platform reached $3.2 billon during the three-month period.
Meanwhile, non-custodial FUA rose 53.6% year-on-year to $1.4 billion, as the total number of accounts increased 3.2% to 182,276.
The context: The financial services firm stated that the platform’s positive performance was partially offset by volatility in the March quarter, when adverse market movements dragged on total assets. However, conditions rebounded during the June quarter, with positive market movements contributing $6.7 billion to FUA.
Netwealth has reaffirmed a full-year EBITDA margin forecast of approximately 49%, alongside an estimated $12 million investment in capitalised software. For FY27, the company projects annual FUA net flows to land between $18 billion and $20 billion.
The source: ASX
