Netwealth delivers record FUA in June 2026 quarter

The Netwealth Group Ltd (ASX: NWL) share price is in focus after the company reported record funds under administration (FUA) of $135.7 billion, up 20% on last year, and strong quarterly inflows of $8.4 billion.

What did Netwealth report?

• Total FUA grew 20.3% year-on-year to a record $135.7 billion
• June quarter custodial FUA inflows of $8.4 billion, up 11% on the prior period
• Net flows of $3.2 billion for the quarter, supported by new and existing intermediary relationships
• Record Managed Account funds under management (FUM) of $30.5 billion, up 30% on last year
• Number of customer accounts increased by 12.4% year-on-year to 182,276
• EBITDA margin for FY26 expected at approximately 49%

What else do investors need to know?

Netwealth reported market conditions improved in the June quarter, contributing $6.7 billion to FUA. While large outflows from a few ultra-high-net-worth clients affected net flows, these accounts have largely stayed on the platform and continue to contribute to total FUA.

The platform benefited from 75 new intermediary relationships and launched several enhancements, including “Nova”, a generative AI virtual assistant for advisers, new trading features, and upgraded reporting tools. The company also expanded its relationship with Morgan Stanley to provide new platform solutions.

On the regulatory front, Netwealth progressed its RISE governance program, in line with APRA requirements, and kicked off a project to accelerate product development with technology and AI-driven tools.

What’s next for Netwealth?

Netwealth expects to maintain strong profitability and a robust balance sheet. For FY27, the company is targeting FUA net flows between $18 billion and $20 billion—an increase of up to 30%—reflecting ongoing momentum and new growth initiatives.

The company plans continued investment in technology and expects to maintain a solid EBITDA margin of around 47% in FY27, as growth-focused projects ramp up. Netwealth will announce its full-year FY26 results on 26 August 2026.

Netwealth share price snapshot

Over the past 12 months, Netwealth shares have declined 34%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

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The post Netwealth delivers record FUA in June 2026 quarter appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.