Adding further confidence to the view that Selfwealth's client cash has stabilised above $400m, and is likely rising now that trading activity is improving, is the fact that the client cash held by the investment platforms (such as Netwealth and Praemium) is also rising.
For example, Netwealth's client cash bottomed at 5.6% of FUA in Dec 2023 and has since risen each quarter to 6% in June 2024. Praemium's has followed a similar trajectory.
Profitability, page-47
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 (20min delay)
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $28.96M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $900 | 7.196K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75000 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 6000 | 1 |
View Market Depth
| Last trade - 10.46am 03/10/2024 (20 minute delay) ? |
| SWF (ASX) Chart |