Netwealth expands Morgan Stanley platform partnership
- Netwealth has expanded its partnership with Morgan Stanley Wealth Management Australia to provide a domestic technology platform for ASX-listed equities and investments.
- The fintech reported a preliminary financial year 2026 result of $15.4 billion in funds under administration net flows.
- The company expects financial year 2027 funds under administration net flows to rise to between $20 billion.
Wealth management provider Netwealth (ASX:NWL) executed an agreement to expand its relationship with Morgan Stanley Wealth Management Australia by providing a specialised technology platform for domestic investments, alongside a preliminary announcement of $15.4 billion in funds under administration net flows for the 2026 financial year.
The technology firm stated that the upcoming 2027 financial year funds under administration net flows are expected to land between $20 billion and $25 billion, which represents an increase of 17% to 30% compared to the 2026 financial year results.
"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," said Netwealth CEO and Managing Director Matt Heine.
The company stated that it has an ambition to double its total funds under administration over the next four years, with its earnings before interest, taxes, depreciation, and amortisation margin trending towards 50% over that same timeframe.
Following the announcement, the Netwealth share price was unchanged at $23.50.
The new single-technology administrative solution incorporates an individual holder identification number function that allows multiple separate stockbrokers to execute trades for a single client.
The transaction establishes Morgan Stanley as the first major client for the wealth firm following targeted product investments in the private wealth management and stockbroking sectors.
