Netwealth’s Funds Under Administration Jump 40% to $112.8B
Netwealth Group Limited has reported a record $15.8 billion in Funds Under Administration net flows for FY25, marking a 40% increase over the previous year and pushing total FUA to $112.8 billion. The company’s strong platform growth and strategic board appointment signal continued momentum.
- Record $15.8 billion FUA net flows in FY25, up 40% from FY24
- Total Funds Under Administration reached $112.8 billion as of June 2025
- Managed Account products drove significant growth with 34% higher net flows
- Appointment of Michael Wachtel as independent non-executive director and future Chair
- Top industry ratings for adviser technology and client service
Record Growth in Funds Under Administration
Netwealth Group Limited has delivered a standout performance in the 2025 financial year, posting record Funds Under Administration (FUA) net flows of $15.8 billion. This represents a substantial 40% increase compared to FY24, underscoring the company’s growing appeal among financial intermediaries and investors alike. Total FUA climbed to $112.8 billion by 30 June 2025, boosted by $3.8 billion in quarterly net flows and $4.9 billion in positive market movements during the quarter.
The company’s ability to attract and retain clients is further evidenced by a record 6,496 new accounts opened in the quarter, lifting the total number of accounts by 4% to 162,234. Over the full year, account numbers grew by 13%, reflecting broad-based success across client segments.
Managed Accounts and Platform Innovation Drive Momentum
A key driver of Netwealth’s growth has been its Managed Account products, which accounted for 96% of net flows within Funds Under Management (FUM). FUM net flows rose 34% year-on-year to $1.1 billion in the quarter, contributing to a total FUM increase of $6.5 billion for FY25. This growth highlights the platform’s strength in enabling advisers to efficiently manage portfolios, especially during periods of market volatility.
Netwealth’s commitment to innovation is evident in recent platform enhancements, including the addition of nine new private label model suites and the introduction of structured products trading. The company now offers close to 800 assets through its multi-asset portfolio service, broadening investment options for clients.
Strategic Leadership and Industry Recognition
In a significant leadership move, Netwealth appointed Michael Wachtel as an independent non-executive director and future Chair. With over 35 years of experience in global business, mergers and acquisitions, finance, and governance, Wachtel’s addition strengthens the board’s strategic capabilities as the company navigates its next growth phase.
Netwealth’s technology platform continues to receive top industry accolades. It was rated the most versatile provider in the 2025 Money Management Advice Tech Review Survey, leading across seven client categories. Additionally, it ranked first in adviser satisfaction for mobile client access in the latest Investment Trends report, reinforcing its reputation for user-friendly and innovative solutions.
Outlook and Financial Strength
Looking ahead, Netwealth remains confident in sustaining strong net flow momentum into FY26, supported by robust transition pipelines and ongoing adviser recruitment. The company emphasizes its highly recurring and diversified revenue streams, which provide resilience across varying market conditions.
Financially, Netwealth is well positioned with strong profitability, high cash generation, no debt, and significant cash reserves. Continued investment in people, technology, and product innovation is planned to capitalize on emerging market opportunities and maintain competitive advantage.
Bottom Line?
Netwealth’s record growth and strategic moves set the stage for sustained momentum, but investors will watch closely how market volatility and competition shape its next chapter.
Questions in the middle?
- How will Netwealth’s new board leadership influence strategic priorities and growth initiatives?
- Can the company maintain its strong net flow momentum amid ongoing market volatility?
- What impact will increased investment in technology and product innovation have on competitive positioning?
