The Netwealth Group Ltd (ASX: NWL) share price is in focus today after announcing an expanded relationship with Morgan Stanley (NYSE: MS) and providing an FY26 outlook. Key highlights include preliminary FY26 funds under administration (FUA) net flows of $15.4 billion, and projected FY27 FUA net flows rising to between $18 billion and $20 billion.

What did Netwealth Group report?

• Preliminary FY26 FUA net flows: $15.4 billion
• Projected FY27 FUA net flows: $18–20 billion (up 17%–30% on FY26)
• FY26 EBITDA margin guidance: ~49%
• FY27 expected EBITDA margin: ~47%
• Capitalised software investment: $12 million (FY26), expected $17 million (FY27)
• FY26 dividend to be based on underlying earnings

What else do investors need to know?

Netwealth has expanded its agreement with Morgan Stanley Wealth Management Australia to provide a platform solution for ASX-listed equities and domestic investments. This major win comes on the back of recent investments in technology and product offerings, including the launch of Netwealth Private and integrated iHIN capability.

A subset of Morgan Stanley’s clients will transition to the Netwealth platform, which will operate alongside Morgan Stanley’s proprietary global platform. Advisers will continue to manage relationships, but the move highlights Netwealth’s strategic push into the $600 billion stockbroking and private wealth market.

What did Netwealth Group management say?

CEO and Managing Director Matt Heine said:

We are pleased to announce the expansion of our relationship with Morgan Stanley, which reflects the deliberate, multi-year investment we have made to extend our product and platform capabilities in a highly scalable way. The investment has underpinned the continued development of our product offering, including the delivery of Netwealth Private and individual HIN capability, alongside a platform designed to deliver scale, digital enablement, and a high-quality client experience that supports our adviser clients and their growth.

What’s next for Netwealth Group?

The company sees strong growth momentum, supported by structural and demographic trends in the platform market. Netwealth aims to double FUA over the next four years, driven by core growth, new client wins, and expansion into adjacent markets.

Management expects continued investment in product, technology, and service delivery to further enhance platform capability and scalability. The group will remain disciplined with capital allocation, targeting high-return opportunities that support long-term earnings growth.

Netwealth Group share price snapshot

Over the past 12 months, Netwealth shares have risen 43%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

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The post Netwealth posts strong FUA growth and secures Morgan Stanley platform deal 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.

The a2 Milk Company Ltd (ASX: A2M share price is in focus today after the company reported preliminary FY26 results, featuring revenue up more than 12% to about $1.97 billion, even as China infant milk formula (IMF) sales declined due to supply chain disruptions.

What did The a2 Milk Company report?

• FY26 revenue of approximately $1.97 billion, up over 12% year-over-year
• China label IMF sales down around 14% on FY25 after supply chain issues in 4Q26
• EBITDA margin expected at the high end of 14.0% to 14.5% guidance
• NPAT anticipated to be slightly up on FY25, with underlying NPAT also rising
• Cash conversion of about 70%, well above the previous 50% outlook
• Strong sales across other key categories, including English label IMF and liquid milk

What else do investors need to know?

The a2 Milk Company faced several challenges in the China IMF market during the fourth quarter, such as freight issues, production bottlenecks, and new customs requirements, which led to product shortages. Many customers had to temporarily switch to other brands, impacting in-market sales.

Since then, these supply issues have largely been resolved, with stock levels now back in line and increased product flows across major channels. Management is prioritising marketing and sales efforts to win back previous customers and attract new ones in China.

What’s next for The a2 Milk Company?

Investors can expect a further update when the company releases its audited FY26 results and FY27 outlook on 17 August 2026. Management says efforts will continue to recover China label market share while accelerating new user acquisition with retail and distribution partners, supported by stable supply chains.

The business is also focused on maintaining the growth seen in other product categories and driving operational improvements to support ongoing profitability. Investors will be watching for more detail on strategy and guidance next month.

The a2 Milk Company share price snapshot

Over the past 12 months, a2 Milk shares have declined 3%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

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The post a2 Milk Company posts double digit FY26 revenue growth despite China supply setback 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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

With lots of ASX shares to choose from on the Australian market, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are outlined below. Here’s why they are bullish on them:

Genesis Minerals Ltd (ASX: GMD)

According to a note out of Bell Potter, its analysts have retained their buy rating on this gold miner’s shares with a trimmed price target of $9.75. This follows news that Genesis Minerals has delivered a definitive proposal to merge with Vault Minerals Ltd (ASX: VAU). Bell Potter points out that if implemented, the enlarged company will have pro-forma production of 600,000 to 700,000 ounces per annum. The broker is positive on this, noting that acquiring Vault Minerals delivers a materially better capital allocation outcome than the company’s current five-year plan assumes. In light of this, the broker thinks investors should be snapping up shares at current levels. The Genesis Minerals share price is currently trading at $6.03.

Life360 Inc. (ASX: 360)

A note out of Citi reveals that its analysts have retained their buy rating on this location technology company’s shares with an improved price target of $31.95. The broker has upgraded its user growth estimates for FY 2026 on the belief that its growth will trough in the second quarter. Citi expects this to be underpinned by new feature launches and integrations with Uber and Apple Watch, which could support engagement and expand its addressable market. The Life360 share price last fetched $27.79.

REA Group Ltd (ASX: REA)

Analysts at Morgans have retained their buy rating on this property listings company’s shares with a reduced price target of $199.00. According to the note, the broker continues to believe that REA Group is one of the highest quality stocks in the classifieds industry. And while there are concerns that trading conditions could be tough due to Federal Budget changes and higher interest rates, Morgans points out that REA Group has levers to pull to offset this weakness. As a result, the broker feels that recent share price weakness is a buying opportunity for investors. The REA Group share price last traded at $143.67.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Life360 and REA Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, Life360, and Uber Technologies. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.