Having just celebrated its 25th anniversary, Netwealth’s total net FUA inflows for FY 2025 stand at $6.6 billion and $5.6 billion in market movement.
This follows a record September quarter for the company, during which Netwealth saw $7.4 billion in inflows, leaving the company at $95.4 billion in FUA as of September 30.
Additionally, the company’s flagship managed account offering surpassed $20.6 billion, which Netwealth attributes, in part, to the evolving nature of the industry as advisory firms continue to adopt more technologies.
For example, Netwealth’s AdviceTech Buying Guide 2024 found that more than eight in 10 (82%) consultancies are using or considering using AI, primarily as a way to reduce administrative burdens and improve efficiency.
In addition to reaching this milestone, Netwealth also announced the launch of a new online experience for advisors and investors.
Speaking about the announcement, Matt Heine, CEO and Managing Director of Netwealth, reflected on the company’s journey to date and his pride in reaching this “major milestone” as it continues to evolve.
“Fitfully, today also marks the next evolution and launch of our new online platform experience which provides a modern, intuitive and interactive interface that will support the next chapter of our growth,” Heine said.
“Twenty-five years ago, Netwealth was formed by our founder and director, Michael Heine, with the vision of creating an innovative online wealth management platform.
“In 2007, eight years later, thanks to a number of our early supporters, we secured our first billion dollars from FUA and today, as we continue our mission to improve the financial future of a million Australians, we are proud to administer 100 times that amount. on behalf of our investors and retired members.
Additionally, Heine attributes the company’s success in part to the support of various industry stakeholders.
“We are incredibly proud of what we have accomplished as a company over the past 25 years, but also of the positive impact we have had on the industry, our employees, our shareholders, the community and our customers “, he said.
“Importantly, none of this would have been possible without the incredible support and guidance of our customers and partners or without the commitment and hard work of the incredible team at Netwealth to whom I am incredibly grateful and whom I would like to thank on my own behalf. , Michael Heine and the Netwealth Board of Directors.
