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

10Oct

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.
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

22Nov

Spark Infrastructure (ASX:SKI) sees TransGrid service $355 million debt facility

22 Nov 2019 - Spark Infrastructure (ASX:SKI) reports that TransGrid Services has completed its inaugural debt financing.

Read More
10Sep

Stocks of the Hour: Aruma Resources, Intra Energy Corporation, Audeara

10 Sep 2024 - A snapshot of the stocks on the move, featuring Aruma Resources (ASX:AAJ), Intra Energy Corporation (ASX:IEC) and Audeara (ASX:AUA).

Read More
15Sep

Electro Optic Systems Holdings (ASX:EOS) secures two new weapons contracts

15 Sep 2020 - Electro Optic Systems Holdings (ASX:EOS) has secured two contracts totalling $4.25 million for the supply of R400 Remote Weapon Systems to a European NATO country.

Read More
13Apr

March quarter results shoot Zip Co (ASX:Z1P) shares up

13 Apr 2021 - Payment solutions provider Zip Co (ASX:Z1P) has reported March quarter revenue of over $114 million, indicating an 80 per cent rise year on year.

Read More
22Mar

Telstra (ASX:TLS) plans biggest restructuring since 1997

22 Mar 2021 - Telco giant Telstra (ASX:TLS) is planning the most comprehensive restructuring program since the company’s privatisation in 1997.

Read More
10Feb

The Commonwealth Bank of Australia (ASX:CBA) lifts dividend to $1.50

10 Feb 2021 - The Commonwealth Bank of Australia (ASX:CBA) announced a cash profit to $3.9 billion that’s 10.8 per cent down from the last half.

Read More
10Mar

Tyro Payments (ASX:TYR) maintains banking services during virus outbreak

10 Mar 2020 - In light of current market uncertainty surrounding the impact of coronavirus and, in particular its impact on transaction values for payments businesses to date, Tyro Payments (ASX:TYR) onfirms that it has operational plans in place to maintain continuity of payment and banking services to its customers.

Read More
11Jan

Stocks of the Hour: Norfolk Metals, Aspire Mining, Lumos Diagnostics

11 Jan 2024 - A snapshot of the stocks on the move, featuring Norfolk Metals, Aspire Mining and Lumos Diagnostics.

Read More
05Jan

Nick Scali (ASX:NCK) first half profit boost expected

05 Dec 2021 - Nick Scali (ASX:NCK) report unaudited net profit after tax for the six months to 31 December 2020 is expected to be $40.5 million, up approximately 100 per cent on the underlying profit for the prior corresponding period.

Read More
25Nov

Turners Automotive Group (ASX:TRA) reports NPAT increased 25% in HY21

25 Nov 2020 - Turners Automotive Group (ASX:TRA) reported NPAT increased 25 per cent to $13.4 million for the half year 2021.

Read More