SWF reported $1.01m positive cash-flow from operating activities...

SWF reported $1.01m positive cash-flow from operating activities for the year. Interest on the $523m client cash balances with ANZ is probably worth $4m per year. They received $2.57m interest in 2020. So without the interest the business would lose $3m per year.
Will interest payments stop. Maybe.
"Netwealth has told investors that its agreement with Australia and New Zealand Banking Group Ltd (ASX: ANZ) for the interest payable on the total pooled cash transaction accounts is to be terminated in 12 months, on 24 March 2022.The agreement between Netwealth and ANZ Bank provides a margin of 95 basis points (0.95%) above the overnight cash rate (OCR) and will continue for 12 months."

SWF reported $2.8m product manufacturing and operating costs for the Jun21 quarter, together with 357,974 contract notes. Thats a cost $7.98 per contract. Not a lot of margin.

SWF charges $9.50 per ASX trade but now there is plenty of competition charging $5, including OM
SWF charges $9.50 per US trade through Phillips Capital but Phillip Capital charges $6 flat directly, plus there is plenty of zero cost trading out there.

A better user interface and cryptos might not save the day. Probably time for a cap raise before they cant.