Netwealth's 4Q Update Pleases Bull

Dow Jones

Jul 17

2252 GMT - Wealth-management platform provider Netwealth's bull at Jefferies was encouraged by its 4Q update. Funds under administration rose by 19%. "Net Inflows of A$3.2 billion were impacted by a small number of partial withdrawals from UHNW accounts, which is not entirely uncommon, with payments to beneficiaries, and the purchase of off-platform assets," analyst Simon Fitzgerald says. The most interesting news likely relates to 75 new financial intermediary relationships, he says. "In our view, this sheds some light on the group's inflow target of A$18 billion-A$20 billion for FY27," Jefferies says. It retains a "buy" call and A$30.25/share price target on Netwealth, which ended Thursday at A$23.50. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 16, 2026 18:52 ET (22:52 GMT)

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Funds under administration rose by 19%. \"Net Inflows of A$3.2 billion were impacted by a small number of partial withdrawals from UHNW accounts, which is not entirely uncommon, with payments to beneficiaries, and the purchase of off-platform assets,\" analyst Simon Fitzgerald says. The most interesting news likely relates to 75 new financial intermediary relationships, he says. \"In our view, this sheds some light on the group's inflow target of A$18 billion-A$20 billion for FY27,\" Jefferies says. It retains a \"buy\" call and A$30.25/share price target on Netwealth, which ended Thursday at A$23.50. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2026 18:52 ET (22:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netwealth's 4Q Update Pleases Bull</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetwealth's 4Q Update Pleases Bull\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-17 06:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2252 GMT - Wealth-management platform provider Netwealth's bull at Jefferies was encouraged by its 4Q update. Funds under administration rose by 19%. \"Net Inflows of A$3.2 billion were impacted by a small number of partial withdrawals from UHNW accounts, which is not entirely uncommon, with payments to beneficiaries, and the purchase of off-platform assets,\" analyst Simon Fitzgerald says. The most interesting news likely relates to 75 new financial intermediary relationships, he says. \"In our view, this sheds some light on the group's inflow target of A$18 billion-A$20 billion for FY27,\" Jefferies says. It retains a \"buy\" call and A$30.25/share price target on Netwealth, which ended Thursday at A$23.50. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2026 18:52 ET (22:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NWL.AU","symbol_name":"NETWEALTH GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2652420296","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652420296","pubTimestamp":1784242320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2252 GMT - Wealth-management platform provider Netwealth's bull at Jefferies was encouraged by its 4Q update. Funds under administration rose by 19%. \"Net Inflows of A$3.2 billion were impacted by a small number of partial withdrawals from UHNW accounts, which is not entirely uncommon, with payments to beneficiaries, and the purchase of off-platform assets,\" analyst Simon Fitzgerald says. The most interesting news likely relates to 75 new financial intermediary relationships, he says. \"In our view, this sheds some light on the group's inflow target of A$18 billion-A$20 billion for FY27,\" Jefferies says. It retains a \"buy\" call and A$30.25/share price target on Netwealth, which ended Thursday at A$23.50.  Dow Jones NewswiresJuly 16, 2026 18:52 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NWL.AU":"NETWEALTH GROUP LTD","BK7062":"资产管理与托管银行"},"translate_title":"Netwealth 第四季度更新令多头满意","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWL.AU":0.9},"content_text":"2252 GMT - Wealth-management platform provider Netwealth's bull at Jefferies was encouraged by its 4Q update. Funds under administration rose by 19%. \"Net Inflows of A$3.2 billion were impacted by a small number of partial withdrawals from UHNW accounts, which is not entirely uncommon, with payments to beneficiaries, and the purchase of off-platform assets,\" analyst Simon Fitzgerald says. The most interesting news likely relates to 75 new financial intermediary relationships, he says. \"In our view, this sheds some light on the group's inflow target of A$18 billion-A$20 billion for FY27,\" Jefferies says. It retains a \"buy\" call and A$30.25/share price target on Netwealth, which ended Thursday at A$23.50. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2026 18:52 ET (22:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}