Latest Private Wealth News

Bell Financial Group surged to a $21.7 million half-year profit, more than doubling its net profit on stronger markets and the launch of its Bell Potter Private Wealth platform. The company also lifted its interim dividend by 67%, reflecting confidence in its diversified financial services model.

Praemium’s total Funds Under Administration surged 21% to $77.9 billion in FY26, driven by strong platform net inflows and robust growth in non-custodial portfolio administration.

Netwealth Group posts a record $135.7 billion in funds under administration for FY26, driven by strong net flows and platform enhancements despite short-term geopolitical jitters.

Netwealth has broadened its partnership with Morgan Stanley Wealth Management Australia by providing a new domestic platform for ASX equities and investments, underpinning robust FY26 fund inflows and an optimistic FY27 outlook.

Clime Investment Management has wrapped up major strategic initiatives including fund sales and business consolidations, while its flagship Clime Capital fund outperformed benchmarks. The company declared a fully franked interim dividend of 0.3 cents per share.

Euroz Hartleys is set to sell its Capital Markets division to BMO Financial Group for A$145 million, refocusing on its Private Wealth operations and returning proceeds to shareholders.

Euroz Hartleys confirms exclusive talks with BMO Financial Group over a potential $145 million sale of its Capital Markets business, retaining its Private Wealth division and pursuing standalone growth.

Bell Financial Group has kicked off 2026 with a striking 197% surge in net profit after tax for the first four months, driven by a strong rebound in its Markets division and steady growth in Platforms.

Australian Oil Company Limited (ASX: AOK) has secured $2.03 million through a two-tranche placement to accelerate oil production and exploration in Queensland's Surat Basin, alongside potential new ventures and Californian operations.

Cavalier Resources has secured a $4 million placement at an 11.95% discount to the 15-day VWAP, funding critical pre-production activities at its Crawford Gold Project. This capital injection complements ongoing negotiations for a US$13 million gold prepayment and a A$5 million loan, advancing the project toward production.

Praemium Limited lifted its total Funds Under Administration by 18% to $73.7 billion in Q3 FY26, driven by strong net inflows and growth in its non-custodial portfolio administration. The ongoing integration of Technotia is set to deliver $9 million in annual technology salary savings from FY27.

Netwealth delivered a resilient March quarter with $4 billion in net inflows, pushing total funds under administration to $125.8 billion despite a 3.7% market dip. Growth in Managed Accounts and new intermediary relationships underpin ongoing momentum.