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Financial Planning

Netwealth profit hit by First Guardian costs

Netwealth reported record underlying earnings and funds under administration in FY26, though its statutory result was weighed down by $74 million in after-tax costs related to the First Guardian Master Fund collapse.

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Read more: First Guardian,  First Gurdian Master Fund,  Matt Heine,  Netwealth Investments,  Netwealth Superannuation Services