Netwealth reach record FUM, announce expansion

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

: By Reporter; Friday, 13 January 2017

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.

“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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