Netwealth Group Ltd. (AU:NWL) has released an update.
Netwealth Group Ltd. reported a robust financial performance for the March 2024 quarter, with a 28.5% year-on-year increase in Funds Under Administration (FUA), reaching $84.7 billion. This growth was fueled by record-breaking FUA net inflows of $2.7 billion, a significant 62.2% jump from the previous year. The company also saw an impressive surge in new accounts and managed account balances, underscoring strong market momentum.
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