Netwealth Group hits $135.7B funds under administration
- Netwealth hits $135.7 billion FUA milestone.
- Custodial inflows for the quarter reached $8.4 billion.
- Growth was driven by strong demand across managed account products.
Netwealth Group (ASX:NWL) reached a record total funds under administration of $135.7 billion for the June 2026 quarter, delivering a 20% increase on the prior corresponding period.
Quarterly custodial inflows reached $8.4 billion, up 10.9% on the prior corresponding period, though short-term investor caution and proposed tax changes caused flows to moderate late in the quarter.
Netwealth stated that it expects current flow dynamics to be temporary as client relationships remain intact and continue to contribute to total FUA.
Following the announcement, the Netwealth Group share price was unchanged at $23.17.
The wealth management provider expanded its overall account base by 3.2% during the quarter to reach a total of 182,276 accounts.
Over the past year, the company added 20,042 new accounts, reflecting a 12.4% increase compared to the prior corresponding period.
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