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Netwealth reach record FUM, announce expansion

Netwealth reach record FUM, announce expansion

Reporter
— 1 minute read

After hitting $11 billion in funds under management, platform provider Netwealth is planning to add new staff to its team.

In a LinkedIn announcement this week, Netwealth joint managing director Michael Heine said the platform provider is on track to reach $20 billion in FUM by 2020.

Now, Mr Heine said the company is looking to hire in all areas of the business, including IT, operations, finance and compliance.

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“Netwealth has achieved significant success and is growing rapidly,” Mr Heine said.

“We are a leader in the platform space and need experienced people to drive our continued success.”

The growth plan comes less than a month after Netwealth announced it sold the compliance services arm of Pathway Licensee Services to Catalyst Compliance.

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Netwealth reach record FUM, announce expansion
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