Brief: Netwealth Group Posts Custodial FUA Inflows Of A$4.7 Bln For September Quarter

Netwealth

19/10/2023 02:23

Oct 19 (Reuters) - Netwealth Group Ltd  NWL.AX :
    * CUSTODIAL FUA INFLOWS OF A$4.7 BILLION FOR SEPTEMBER
QUARTER
    * FUNDS UNDER ADMINISTRATION INCREASED BY A$1.7 BILLION FOR
SEPTEMBER QUARTER TO A$72.01 BILLION
    * MAINTAIN VERY POSITIVE OUTLOOK
    * NEW BUSINESS PIPELINE AND CONVERSION REMAINS STRONG
    * FUNDS UNDER MANAGEMENT INCREASED BY A$0.5 BILLION FOR
QUARTER TO
A$16.5 BILLION
    * CONTINUE TO ATTRACT SUBSTANTIAL INFLOWS FROM EXISTING AND
NEW
CLIENTS ACROSS ALL KEY MARKET SEGMENTS
    * STRATEGIC PARTNERSHIP WITH ICAPITAL2
    * REMAINS IN STRONG FINANCIAL POSITION
    * WILL DISTRIBUTE GLOBAL PRIVATE MARKET AND HEDGE FUND
INVESTMENTS
ACROSS AUSTRALIA UNDER PARTNERSHIP

Source text for Eikon:  ID:nASX5Lq83L 
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 ((Reuters.Briefs@thomsonreuters.com;))