- Netwealth’s FUA net inflows for 4Q FY2024 were A$3.8 billion, up 39% from the previous quarter’s A$2.73 billion.
- Member accounts reached 143,251.
- Full year results show FUA net inflows at A$11.2 billion.
- Funds under administration at the end of the period totaled A$88.0 billion, compared to A$70.27 billion the previous year.
- Positive market movements of FUA led to higher administration fee revenue.
- However, tiered administration fees and fee caps significantly diluted the impact on revenue.
- Many ancillary fees remain unaffected by market movements.
- Lower cash percentage contributed to a reduction in average revenue basis points for the year, especially in 2H FY2024.
- The company continues to maintain a strong financial position.
- Significant transitions started in 4Q FY2024, many of which are in early stages, giving confidence in the net inflow outlook for FY2025.
- Analyst recommendations: 4 buys, 7 holds, 6 sells.
A look at Netwealth Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Netwealth Group Limited, a company that provides investment management services in Australia, has received promising Smartkarma Smart Scores indicating a positive long-term outlook. With strong ratings in Growth, Resilience, and Momentum, Netwealth Group is positioned well for future success. The company’s focus on portfolio management, advisory services, and investment solutions aligns with its high scores in key factors, boding well for its continued growth and stability in the market.
Netwealth Group’s solid scores in Growth and Momentum highlight its potential for long-term value creation and sustained performance. Additionally, the company’s top-notch ratings in Resilience underscore its ability to weather market challenges effectively. Although the scores for Value and Dividend are not as high, Netwealth Group’s overall outlook appears promising, bolstered by its core strengths in Growth, Resilience, and Momentum within the investment management sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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