Netwealth Group Ltd

ASX:NWL (Australia)  
A$ 19.39 (-2.76%) Apr 26
62.55
P/B:
35.52
Market Cap:
A$ 4.73B ($ 3.09B)
Enterprise V:
A$ 4.63B ($ 3.03B)
Volume:
356.67K
Avg Vol (2M):
421.06K
Volume:
356.67K
Avg Vol (2M):
421.06K

Business Description

Description
Netwealth provides cloud-based investment administration software as a service, or SaaS, in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform which are managed by third-party investment managers.