Netwealth posts 28% rise in FY25 funds under administration
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The news: Investment platform Netwealth has reported a 28% jump in funds under administration (FUA) for the 2025 financial year, boosted by record 12-month inflows.
The numbers: Netwealth reported total FUA of $112.8 billion at 30 June, an increase of $24.8 billion for the year.
The increase included $15.8 billion in FUA net flows — a $4.5 billion or 40% increase compared to FY24 — and $9 billion in market movements.
Total funds under management (FUM) reached $27 billion by the end of the financial year, 32% higher than a year ago.
The total number of accounts increased by 13% year over year to 162,234.
The context: The Melbourne-based financial services group said it "remains confident" in its net flows outlook for FY26 and beyond. This is supported by strong levels of FUA inflows and new account openings in the June quarter, as well as continued success in attracting new advisors and their clients.
The source: ASX
