Kate Temby News Today

Netwealth has appointed Sarah Brennan, former CEO of Investment Trends, as a non-executive director on its board.

Netwealth cashes in on industry transformation Netwealth cashes in on industry transformation The platform provider saw funds under administration soar over the 2020 calendar year, saying it expects to continue benefiting from consolidation in the advice sector. A A As at the end of the 2020 year, Netwealth had $38.8 billion in funds under administration (FUA), a 36.1 per cent rise ($10.3 billion) on the prior corresponding period (pcp).  There had been $2.6 billion in net inflows for the Dec...

Netwealth chair steps down 21 January 2021 The chair of Netwealth has passed the torch as Australia’s wealth industry faces down a period of “significant consolidation and transition”.  Jane Tongs will retire as chairman of Netwealth, citing her belief that board renewal is a key governance matter and that it is “time to pass the baton”. Ms Tong has served as chairman of all Netwealth companies since its foundation more than 20 years ago, providing “strong leadership t...