The Netwealth Group Ltd (ASX: NWL) share price is in focus after the company’s September 2026 quarterly update revealed funds under administration (FUA) rose to a record $139.2 billion, up 2.5% for the quarter and 15.2% on the prior year. Custodial inflows remained strong at $7.8 billion, while funds under management (FUM) climbed 24% to $36.6 billion.

What did Netwealth report?

• Total FUA increased by $3.4 billion for the quarter to $139.2 billion (up 15.2% year-on-year).
• Custodial inflows were $7.8 billion; net FUA flows totalled $3.6 billion (excluding pension payments and key outflows).
• FUM net flows reached a record $2.4 billion, lifting total FUM to $36.6 billion (up 24.0% year-on-year).
• Managed Account FUM increased 26.0% to $32.4 billion; Managed Funds rose 10.9% to $4.2 billion.
• Netwealth added 3,822 net new accounts (now totalling 186,098) and 21 new financial intermediary relationships (now 4,226).

What else do investors need to know?

Netwealth made further progress on its platform capabilities with the launch of Individual HIN and Netwealth Private, expanding into stockbroking and private wealth markets. The company also announced the acquisition of Paradino, an AI-powered adviser platform designed to boost adviser productivity, which is expected to close by October 2026.

Operational highlights included a major upgrade to the Managed Accounts platform, strengthening scalability and efficiency. Its virtual assistant Nova and the new Research Hub have supported advisers with tens of thousands of enquiries and investment research in the quarter. Regulatory-wise, Netwealth is defending a class action relating to First Guardian investments but says it continues to deliver on its RISE plan.

What did Netwealth management say?

Chief Financial Officer Hayden Stockdale said:

Our record flows and ongoing investment in technology reflect our focus on supporting adviser growth and client outcomes. Our strategic initiatives are well on track.

What’s next for Netwealth?

Looking ahead, Netwealth has updated its FY27 guidance (before Paradino) to target FUA net flows of $17–19 billion and maintain a strong EBITDA margin of approximately 47%. The company expects a low capital expenditure year with strong cash reserves and recurring revenue underpinning predictable results.

After finalising the Paradino deal, Netwealth expects a one-off EBITDA loss of around $3 million for the unit in FY27 and plans to invest a further $10 million over two years to accelerate product development. Paradino’s financials will be reported separately.

Netwealth share price snapshot

Over the past 12 months, Netwealth shares have declined 52%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 3% over the same period.

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The post Netwealth reports record FUA and platform growth in September 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.

ASX growth shares can be some of the best investments to own because of how quickly they can compound in scale.

If revenue and potentially profit double in a relatively short amount of time, that could send the share price shooting higher.

There are plenty of businesses growing quickly, and the experts at Wilson Asset Management have picked out some specific names that could be compelling.

One of the businesses that could be a particularly attractive investment is Dxn Ltd (ASX: DXN). It’s a pick in the WAM Active Limited (ASX: WAA) portfolio, a listed investment company (LIC) that targets mispricing opportunities in the Australian market.

What makes this ASX growth share attractive?

DXN is a modular data centre manufacturer and operator with a presence across the Asia-Pacific region. It says it works with major government and blue-chip enterprise customers.

It recently established its first manufacturing footprint outside Australia, with a wholly owned manufacturing facility in Johor, Malaysia. The company said that current manufacturing expansion plans support future capacity growth.

The company has also established a non-binding joint venture with Super Sistem Indonesia (SSI), an existing customer and Indonesian critical digital infrastructure operator, to build a strategic footprint in a region observing rapid digital infrastructure growth.

Wilson Asset Management noted that the DXN share price rose by 53% in September as investors continued to respond positively to the company’s FY26 result, which was released at the end of August.

That result highlighted a record order backlog and growing demand for artificial intelligence (AI) related data centre infrastructure.

WAM said it remains positive on DXN’s outlook due to its growing exposure to the rapidly expanding AI data centre sector, supported by “strong contract momentum” and pipeline opportunities across Australia and the Asia-Pacific region.

The fund manager highlighted that speed to market is an increasingly critical factor in the sector. It’s rapidly expanding capacity throughout Australia and Asia, with delivery across multiple customers.

In the FY26 update, the company said that it secured its maiden high-performance computing (HPC) contract and established a pathway to campus-scale, indicatively valued at US$200 million, though it’s contingent on the successful delivery of the proof-of-concept module.

DXN also said in its FY26 results that it entered FY27 with growing demand across AI infrastructure markets, with its second AI HPC contract win valued at approximately $12.2 million. The ASX growth share said this demonstrates “repeatable demand for DXN’s AI-ready modular platform across markets”.

Overall, this company is tapping into an area of strong growth where a lot of real money is being spent.

The post This is an exciting ASX growth share that experts think is a buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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.

At age 60, you’ve reached your first major superannuation milestone.

Age 60 is the preservation age where you can start accessing your superannuation tax-free, provided you’ve permanently retired.

It’s the ultimate transitional year for both your super and your retirement. It triggers a shift between your accumulation phase to a partial or full pension phase, bridging the gap between your working years and your retirement years.

But not everyone is ready. 

If you’re not prepared to quit employment, or you’re worried you haven’t got enough saved away, you can hold off until you reach age 65. At this point, you have full access to your superannuation savings regardless of whether you’re still working or not.

At this point, you should have a retirement budget and a plan, and most importantly, know whether your superannuation is on track to meet your goals.

So, what does it cost to retire in Australia in FY27?

And how much superannuation should you have saved at age 60 to afford the retirement lifestyle you want?

Here’s a breakdown.

The cost of retirement in Australia

Non-profit advocacy bodies have spent years trying to calculate benchmarks for Aussies in retirement.

The Association of Superannuation Funds of Australia (ASFA) has created a retirement standard with two main options for retirement: a modest lifestyle and a comfortable one. Both calculations assume you own your home outright and that you’ll receive at least a partial Age Pension payment.

A modest retirement means you’d need to live on a tight budget in your retirement. It assumes you can cover very basic needs and requirements, including food costs, essential bills, low-tier health insurance, and minimal leisure activities or meals out.  ASFA estimates this will cost single retirees around $36,548 per year and around $52,690 for a couple. 

Then there is the comfortable retirement option. This is one that allows retirees to have a good standard of living well above the bare minimum. It allows Australians enough money to finance top-tier private health insurance, a reasonable grocery budget, home repairs, regular leisure activities, meals out, or some travel. It is expected to cost around $56,166 per year for singles or $78,998 for couples. 

But not every estimation is the same. 

SuperGuide uses a different, more straightforward calculation. It assumes that you’ll need around 70% of your annual working income to maintain your lifestyle in retirement (assuming you own your home outright and that you’ll retire at age 65).

So how much do I need in my superannuation to afford to retire?

Assuming you’re going for a comfortable retirement, using ASFA’s figures, single Australians will need around $630,000 in superannuation, or couples could use closer to $730,000.

The catch is that these figures assume you’ll retire at age 67 and need to fund around 10 to 15 years of retirement living.

SuperGuide’s calculation depends entirely on the pre-retirement income you’re happy to live off. 

For example, if you earn around $100,000 per year before you retire, you’ll need around $750,000 to $1.125 million in your super at retirement, assuming you need to fund the same 10 to 15 years.

How much should I have in my superannuation at age 60 to reach this goal?

I’ve crunched the numbers using ASFA’s online super detective tool and, assuming you have an income of around $100,000 per year, Australians should aim to have a superannuation balance of around $457,500 by age 60 to be on track for retirement at age 67.

Of course, some Aussies don’t want to wait that long. If you want to retire a couple of years earlier, around age 65, you’ll need to have closer to $505,000 saved by the time you’re 60.

To get SuperGuide’s $750,000 in your superannuation at age 65, you need approximately $534,000 to $588,000 at age 60. For the higher $1.125 million bracket, you’d need approximately $765,000 to $881,000 at age 60 to be considered on track.

How does this compare to your own superannuation balance?

The post How much should I have in my superannuation by age 60? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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.