XPL xplore wealth limited

Novice question

  1. 123 Posts.
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    Novice question. Companies like Netwealth have FUM about 2.5 times that of XPL but have Market Cap about 100 times them.
    Obviously cashflow is king and company structure too but what am i missing ?

    In for the long haul but obviously don't understand my own investment



 
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