Netwealth Group (ASX:NWL) reported funds under administration (FUA) of AU$24 billion in the December 2024 quarter, up from AU$18.07 billion a year earlier, according to a Thursday filing with the Australian bourse.
Record-level net FUA inflows for the quarter of AU$4.5 billion were almost 70% higher than the prior corresponding period, the filing stated.
The total number of accounts for the quarter increased to 151,437 from 132,826 a year earlier, according to the filing.
Shares in Netwealth Group rose 4% in recent Thursday trade and earlier hit an all-time high.
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