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Showing 11 - 20 of 516 results for "Netwealth"

Netwealth profit hit by First Guardian costs

VINNY VUCAGO  |  WEDNESDAY, 26 AUG 2026
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. The platform provider incurred a ...

Phil Anderson to retire at the upcoming FAAA Congress

MATTHEW WAI  |  WEDNESDAY, 26 AUG 2026
... 2023 to form the FAAA. Prior to that, Anderson served in senior roles at AMP, NAB, Perpetual, Colonial First State, and Netwealth earlier in his career. Commenting, FAAA chief executive Sarah Abood thanked Anderson for his dedication and service to the ...

First Guardian victims advance in case against InterPrac

KARREN VERGARA  |  FRIDAY, 21 AUG 2026
... settles," she said. Recourse for many victims, however, has been long and tiresome while others who were part of the Netwealth and Macquarie platforms have been made whole. "Every additional month represents another month without retirement savings. ...

Federal Court confirms Netwealth's First Guardian failures

MATTHEW WAI  |  FRIDAY, 21 AUG 2026
The Federal Court has declared Netwealth Superannuation Services and Netwealth Investments contravened the Corporations Act in relation to the First Guardian Master Fund. ASIC commenced proceedings against Netwealth after accepting a court enforceable ...

APRA targets platform trustees, welcomes stronger powers

KARREN VERGARA  |  THURSDAY, 20 AUG 2026
... and First Guardian Master Fund collapses, in which one or both sat on several platforms such as Equity Trustees and Netwealth. While the investment governance reforms would apply to all trustees, APRA said the impact will be "most significant for platform ...

Platforms are not solution providers: AZ NGA

MATTHEW WAI  |  FRIDAY, 31 JUL 2026
... clients. They're not [the platforms'] clients." At a separate panel, responding to Barrett's stern claims, Netwealth chief executive Matt Heine and DASH executive director of strategy Darren Pettiona rebuked Barrett's idea, calling it ...

Netwealth tightens trustee oversight with new hire

MATTHEW WAI  |  WEDNESDAY, 29 JUL 2026
Netwealth has created a new role to strengthen its trustee oversight, governance, and member-focused leadership capability. Mel Jose has joined Netwealth as general manager, office of the trustee, leading the existing office of the trustee team and ...

FEATURE | Platforms | The investment supermarket

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... funds. Equity Trustees did the same for NQ Super & Pension, a division of the AMG Superannuation Fund. Macquarie and Netwealth, by contrast, kept their trustee in-house. Both have admitted to failures in due diligence and already compensated members ...

New alternative investment firm lands in Sydney

MATTHEW WAI  |  MONDAY, 20 JUL 2026
... couple of the platforms. We're already available on non-custodial with HUB24, and we're having discussions with Netwealth, Mason Stevens, Praemium, CFS Edge, etcetera," Wilson said. "We are certainly trying to make ourselves available for advisers... ...

Netwealth posts record FUA as managed accounts top $30bn

VINNY VUCAGO  |  THURSDAY, 16 JUL 2026
Netwealth has capped off another record year, growing funds under administration (FUA) to $135.7 billion as strong adviser inflows and improving markets offset elevated withdrawals from a handful of ultra-high-net-worth clients. The wealth platform ...