Netwealth Group (ASX:NWL) exceeded AU$100 billion funds under administration (FUA) as of Nov. 28, composed of AU$99.5 billion of custodial FUA and AU$700 million of non-custodial FUA, according to a Monday filing with the Australian bourse.

The financial services company's total FUA net inflows for fiscal year-to-date reached AU$6.6 billion, with market movement of AU$5.6 billion, the filing said.

Additionally, the company's managed account surpassed AU$20.6 billion due to the pace of industry adoption, according to the filing.

Shares fell 3% in midday trade Monday.