In the last update, SelfWealth had $646,000,000 of client cash in their bank accounts earning interest for the company.
The RBA is expected to raise interest rates at some point in the near future. When this happens, ANZ should pass on these increases in full. For every 25 basis points that the RBA raises, the company will earn around
$1.6 million of extra revenue per year (based on current figures). That's for just one rate rise.
