Earnings release
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netwealth September 2021 Quarterly business update and outlook ASX Release - 14 October 2021 FUA Net Inflow guidance increased to $ 12.5 billion following record $ 4 billion quarter . FUA reaches $ 52 billion . Quarterly highlights • • • . Funds Under Administration ( FUA ) at 30 September 2021 of $ 52 billion , an increase of $ 4.8 billion ( 10.2 % increase ) for the September quarter including market movement of $ 0.8 billion and an increase of $ 17.9 billion ( 52.7 % increase ) to PCP¹ including positive market movement of $ 6 billion . FUA net inflows of $ 4.0 billion for the September quarter , an increase of 111 % to PCP . Of the total FUA net inflows two clients contributed approximately $ 0.9 billion , the balance was well diversified . Funds Under Management ( FUM ) at 30 September 2021 of $ 12.6 billion , an increase of $ 0.9 billion ( 7.7 % increase ) for the quarter and an increase of $ 4.6 billion ( 56.9 % increase ) to PCP . FUM net inflows of $ 0.9 billion for the September quarter , includes $ 0.7 billion Managed Account net inflows . Managed Account balance of $ 10.7 billion at 30 September 2021 , an increase of $ 4.1 billion ( 63.6 % increase ) to PCP . In July , Netwealth launched our new iOS and Android Mobile App for advisers and their clients as part of our client engagement " whole of wealth " strategy and roadmap . 1 . PCP : prior comparative period Sep 2020 quarter Netwealth Group Limited ( NWL ) Level 6/180 Flinders Street Melbourne VIC 3000 ABN : 84 620 145 404