Netwealth Group Limited reported a significant increase in Funds Under Administration (FUA) to 84.7 billion as of March 2024, with a $6.7 billion increase for the quarter, driven by both net inflows and positive market movements.
Additionally, the company highlighted strong account growth, the exploration of generative artificial intelligence for efficiency improvements, and a robust financial position with high profitability and strong cash generation.
ASX Code: NWL