NWL netwealth group limited

Ann: June 2020 Quarterly Business Update, page-2

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    Extremely pleased with the funds growth this quarter. Delighted that previously guided EBITDA will either be met or a small beat.

    Note that today it was announced competitor Praemium is acquiring Powerwrap which would give them a combined FUA behind Netwealth but ahead of Mercer and also HUB24.

    FUA as at March 2020
    Netwealth $28 billion (today’s announcement $31.5 billion)
    Praemium/Powerwrap $27 billion
    Mercer $22 billion
    HUB24 $15 billion
 
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Last
$37.10
Change
-0.050(0.13%)
Mkt cap ! $9.102B
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