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Highlights
Netwealth jumps 10% to AU$24.93 after releasing a robust March quarter update.
Funds under administration grow to AU$104.1 billion, boosted by record net inflows of AU$3.5 billion.
Company forecasts continued momentum, citing client growth and resilient revenue streams.
Shares of Netwealth Group Ltd (ASX:NWL) rallied 10% on Thursday to AU$24.93, as investors responded positively to a standout quarterly update and a supportive tech rally on Wall Street. The surge follows the company's release of its March 2025 quarter results, which revealed record inflows and expanding customer growth despite broader market volatility.
The investment platform provider posted AU$3.5 billion in net flows for the quarter — a 29% increase compared to the same period last year and the highest ever for a third quarter. Net flows for the financial year to date have reached AU$12 billion, up 61% on the prior year, indicating growing traction among advisers and investors.
Total funds under administration (FUA) climbed to AU$104.1 billion by March 31. This includes AU$2.5 billion in quarterly growth, which occurred despite a AU$1 billion drag from market fluctuations. The figures underscore the company's ability to attract and retain capital, even in less favourable market conditions.
Over the past 12 months, Netwealth has added AU$19.4 billion in FUA, marking a 23% YoY rise. The number of active accounts also grew during the quarter, with a net increase of 4,301 accounts bringing the total to 155,738 — a 13% rise compared to a year earlier.
A key takeaway from the update is Netwealth’s performance amid market volatility. Management attributes this resilience to the platform's recurring and diversified revenue base, steady trading volumes, and healthy cash account balances. The company services a broad spectrum of customers, including high-net-worth individuals, mass affluent investors, and those in emerging wealth brackets.
Netwealth is also seeing increased demand for managed accounts — professionally managed portfolios that offer flexibility and efficient rebalancing. These accounts have become more appealing in today's turbulent environment and are helping the platform stand out from competitors.
Looking forward, the company expects continued performance into the June quarter, which is typically seasonally favourable. Early signs from April suggest the momentum is continuing, with management optimistic about its prospects for FY 2026 and beyond.
To support this growth, Netwealth is actively investing in its platform with new products, technology enhancements, and strategic partnerships. These developments aim to deepen client engagement and further diversify the company's revenue streams.






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