Netwealth (ASX:NWL) see their quarter FUA grow $2 billion

Netwealth (ASX:NWL) released their results for the quarter showing its Funds Under Administration (FUA) grew $2 billion of 8.5 per cent quarter on quarter to $25.3 billion.

This was a 31.3 per cent increase on the prior corresponding period.

Its Funds Under Management (FUM) at September saw an increase of $0.5 billion of 12.6 per cent during the quarter to $4.4 billion.

The company also announced today that Sally Freeman will join the board as an independent non-executive director.

Shares in Netwealth (ASX:NWL) are trading 3.81 per cent higher at $9.26.
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Source: Finance News Network