Company Netwealth Group Limited

Equities

NWL

AU000000NWL7

Investment Management & Fund Operators

Analysts' Consensus

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Sector Other Investment Management & Fund Operators

Market Closed - Australian S.E. Other stock markets 02:10:43 2024-04-26 am EDT			5-day change	1st Jan Change
19.39 ^AUD	-2.76%		+2.97%	+25.91%

Apr. 19	Citi Downgrades Netwealth Group to Sell from Neutral, Price Target is AU$18.65	MT
Apr. 12	News Highlights : Top Financial Services News of the Day - Friday at 11 AM ET	DJ

Netwealth Group Limited is an Australia-based financial services company. The Company acts as a technology company, a superannuation fund trustee and a wealth administration business. The principal activities of the Company are to provide financial intermediaries and clients with wealth administration and management services, including managed funds, investor directed portfolio services, a superannuation master fund, managed accounts service, self-managed superannuation and non-custodial administration services. The Company operates through two segments: Platform Operations, and Data and Advice Tech Solutions. The Companyâs subsidiaries include Netwealth Superannuation Services Pty Ltd (NSS) and Netwealth Investments Limited (NIL). Netwealth Superannuation Services Pty Ltd is the trustee of the Netwealth Superannuation Master Fund. NIL is the trustee of the Netwealth Superannuation Master Fund.

Number of employees: 588

AUD in Million	2022	Weight	2023	Weight	Delta
Platform 100.0 %	173	100.0 %	215	100.0 %	+23.70%

AUD in Million	2022	Weight	2023	Weight	Delta
Australia 100.0 %	173	100.0 %	215	100.0 %	+23.70%

Managers	Title	Age	Since
Matthew Heine CEO	Chief Executive Officer	-	01-06-30
Michael Heine FOU	Founder	-	98-12-31
Grant Boyle DFI	Director of Finance/CFO	-	17-04-30
David Sutherland CIO	Chief Investment Officer	-	13-06-30
Alistair Densley COO	Chief Operating Officer	-	02-04-30
John Hanrahan CTO	Chief Tech/Sci/R&D Officer	-	12-04-30
Jodie Henson SEC	Corporate Secretary	-	23-08-13
Damian Holland SAM	Sales & Marketing	-	18-12-31

Members of the board	Title	Age	Since
Michael Heine FOU	Founder	-	98-12-31
Tim Antonie CHM	Chairman	57	15-10-31
Matthew Heine CEO	Chief Executive Officer	-	01-06-30
Davyd Lewis BRD	Director/Board Member	-	09-06-30
Sarah Brennan BRD	Director/Board Member	56	Feb. 27
Sally Freeman BRD	Director/Board Member	-	19-10-09
Kate Temby BRD	Director/Board Member	-	21-01-31

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	244,026,357	126,551,941 ( 51.86 %)	0	51.86 %

Name	Equities	%	Valuation
Michael Heine 41.84 %	102,104,990	41.84 %	1 407 M $
Leslie Heine 5.945 %	14,508,265	5.945 %	200 M $
Netwealth Investments Ltd. 5.896 %	14,388,308	5.896 %	198 M $
Matthew Heine 1.531 %	3,736,405	1.531 %	51 M $
Australian Foundation Investment Co. Ltd. (Invt Mgmt) 1.430 %	3,489,015	1.430 %	48 M $
DFA Australia Ltd. 0.7244 %	1,767,727	0.7244 %	24 M $
Mirrabooka Investments Ltd. (Investment Management) 0.4244 %	1,035,693	0.4244 %	14 M $
Russell Investment Management Ltd. 0.3811 %	929,876	0.3811 %	13 M $
Harper Bernays Ltd. 0.3458 %	843,855	0.3458 %	12 M $
AMCIL Ltd. (Investment Management) 0.2000 %	487,987	0.2000 %	7 M $

Name	Equities	%	Valuation
REGAL ASIAN INVESTMENTS LIMITED 1.46%	2,649,534	1.46%	3,526,265 $
APPEN LIMITED 0.15%	332,690	0.15%	126,971 $

Netwealth Group Ltd.

180 Flinders Street Level 6

3000, Melbourne

http://www.netwealth.com.au

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

19.39 AUD

Average target price

18.41 AUD

Spread / Average Target

-5.03%

Consensus

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Other Investment Management & Fund Operators

	1st Jan change	Capi.
NETWEALTH GROUP LIMITED	+25.91%	3.09B
BLACKROCK, INC.	-6.03%	113B
UBS GROUP AG	-3.98%	87.91B
APOLLO GLOBAL MANAGEMENT, INC.	+20.42%	63.85B
BROOKFIELD CORPORATION	+5.29%	61.9B
BANK OF NEW YORK MELLON CORPORATION (THE)	+10.12%	42.86B
AMERIPRISE FINANCIAL, INC.	+7.95%	40.84B
3I GROUP PLC	+18.92%	34.58B
T. ROWE PRICE GROUP INC.	+5.88%	25.46B
STATE STREET CORPORATION	-5.25%	22.13B

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