NWL netwealth group limited
Add to My Watchlist 0.00% ! $37.15

Extremely pleased with the funds growth this quarter. Delighted...

  1. lightning70
    1,302 Posts.
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    09/07/20
    10:41
    Post #: 45743728
    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
    NWL Price at posting: $9.81 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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