Netwealth (ASX:NWL) released their results for the quarter showing its Funds Under Administration (FUA) grew $2 billion of 8.5 per cent quarter on quarter to $25.3 billion.
This was a 31.3 per cent increase on the prior corresponding period.
Its Funds Under Management (FUM) at September saw an increase of $0.5 billion of 12.6 per cent during the quarter to $4.4 billion.
The company also announced today that Sally Freeman will join the board as an independent non-executive director.
Shares in Netwealth (ASX:NWL) are trading 3.81 per cent higher at $9.26.