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Netwealth to acquire Paradino 15 September 2026 Unlocking capacity to deliver more advice to more Australians Disclaimer: This document is for general use. Modification of content is prohibited unless you have Netwealth’s express prior written consent.
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Important notice and disclaimer General Information only Information provided is general information presented in a summary format as at 15 September 2026 and is therefore not necessarily complete. This presentation is for informational purposes only and is not to be relied upon as advice to investors or potential investors. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Investors should not rely on this presentation to make any investment decision, and should make their own assessment, conduct their own research of Netwealth and the Netwealth Group and consider these factors with their legal, tax, business and/or financial adviser before making any investment decision. Forward-looking statements This presentation may contain certain forward- looking statements with respect to the financial condition, operations and business of the Netwealth Group and certain plans and objectives of the management of Netwealth.Forward -looking statements can be identified by the use of forward- looking terminology, including, without limitation, the terms “believes”, “estimates”, “anticipates”, “expects, “predicts”, “intends”, “plans”, “goals”, “targets”, “aims”, “outlook”, “guidance”, “forecasts”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other variations or comparable terminology. These forward- looking statements include all matters that are not historical facts. Such forward -looking statements involve known and unknown risks, uncertainties and other factors which because of their nature may cause the actual results or performance of the Netwealth Group to be materially different from the results or performance expressed or implied by such forward- looking statements. Such forward- looking statements are based on numerous assumptions regarding the Netwealth Group’s present and future business strategies, the political and economic environment in which the Netwealth Group will operate in the future and financial market conditions, which may not be reasonable, and are not guarantees or predictions of future performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast result will be achieved, or that there is a reasonable basis for any of these statements or forecasts. Forward -looking statements speak only as at the date of this presentation and to the full extent permitted by law, Netwealth, the Netwealth Group, and their respective affiliates and related bodies corporate and each of their respective related parties and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation). Past performance Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Financial data All figures in the presentation are provided in Australian dollars. Financial data may be subject to rounding. This document has been authorised for release by the Board. For further information please contact: Hayden Stockdale, Chief Financial Officer shareholder@netwealth.com.au 2 NWL Paradino Acquisition September 26
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Acknowledgement of Country We acknowledge the Traditional Owners of the lands on which we work and live. Our offices are located on the lands of the Traditional Owners of the Wurundjeri Woi-wurrung people of the Kulin Nation in Melbourne, the Turrbal and Jagera peoples in Brisbane, the Gadigal people of the Eora Nation in Sydney, the Kaurna people of the Adelaide Plains, and the Whadjuk Nyoongar people in Perth. We celebrate the stories, culture, and traditions of the Aboriginal and Torres Strait Islander peoples of all nations, and we pay our respects to Elders past and present. This statement is made by Netwealth Group Limited (Netwealth) on behalf of its reporting entities for the financial year ended 30 June 2026. 3 NWL Paradino Acquisition September 26
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4 NWL Paradino Acquisition September 26 Acquisition summary and highlights Australia's first integrated AI powered advice and wealth management platform • Netwealth is acquiring Paradino, a leading AI advice automation and productivity platform for Australian financial advisers. – Consideration of $20M, with additional $9M earn-out potential, funded from cash, equity and debt – Commitment to invest a further $10M over two years to accelerate Paradino's product roadmap – Expected to complete by end October 2026 • Supports our Dx30 strategy to significantly increase adviser productivity and differentiate Netwealth’s proposition • Paradino can save an adviser 9+ hours per week, generating 38% in efficiencies, equal to: – Advising 46 additional clients (NWL: 69K) – Administering $33M additional FUA (NWL: $51B) – Generating $213K in additional fees (NWL: $146M) • Adviser cost <$5K p.a. with payback period <1 month (before Netwealth platform and data integration benefits) • Operating model to preserve founder-led culture: two-lane product development (BAU innovation vs. joint strategic initiatives) • Paradino financials to be reported separately to underlying Netwealth business
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01 The Problem Paradino Solves 5 NWL Paradino Acquisition September 26
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• Adviser growth is constrained, and we want to dramatically increase each adviser’s productivity • This is part of our product development mandate • In a competitive market supporting advisers to operate more effectively supports sustained net inflows • AI is enhancing adviser productivity by automating administrative tasks, enabling faster advice delivery and greater client reach • Integrating Paradino and Netwealth will deliver meaningful efficiency and differentiation that is hard to replicate As growth opportunities expand, adviser capacity becomes an increasing problem The AI imperative – delivering AI solutions is critical The Opportunities Netwealth Position Time savings Super FUA growing to $6T over next 4 years $0.6T in industry super suited to advice Cost compression Value of data Adviser capacity: too few advisers to satisfy needs Velocity of innovation AI advice automation tools focused on adviser efficiency The Problem Bottleneck Debottleneck The Solution The Enablers Tax complexity disfavouring property 6 NWL Paradino Acquisition September 26 Winning share in platform market Broker individual HIN
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Source: Investment Trends Adviser Tech Needs Report Summary June 2026 • Building efficiencies into business processes was rated the #2 challenge among 546 financial advisers surveyed by Investment Trends (only recently overtaken as #1 by compliance burden) • Within the advice process the production of SOAs and ROAs is perceived to be the primary bottleneck to time efficiency (59% of 474 surveyed) • The Netwealth and Paradino integration plan and roadmap solves for this as well as: • Fact finding • Client onboarding • Fee disclosure and consent • Advice implementation • Ongoing reviews • Client communication SOA/ROA production is perceived by advisers as the primary bottleneck within the advice process Advice production: the key bottleneck to adviser efficiency Advice production (SOA/ROA) Fact finding Client Onboarding 33% 59% Compliance documentation 27% Fee disclosure and consent 14%38% 7 NWL Paradino Acquisition September 26 Other Client Communication 4% Practice Management and administration 10% Advice implementation 24%3% Ongoing client reviews 10% Q164 Which stages of your advice process are currently inefficient and time-consuming? (Maximum of three responses permitted) Among financial advisers [n=474]
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Increased efficiencies and exposure to core adviser workflows Paradino delivers 38% growth efficiencies to advisers and expands Netwealth’s workflow capture from 10% to 50% of advisers’ time Nine Core Workflows of an Adviser SOA/ROA production Client meetings Research & strategy Meeting Prep & fact-find Platform implementation Review & servicing admin Compliance & practice admin Training & PD Prospecting & BD Netwealth Paradino Paradino 2.5 hrs time saved 2.5 hrs time saved 4 hrs time saved Paradino 0h 1h 2h 3h 4h 5h 6h 7h 8h Traditional time split Time split with Paradino 0h 5h 10h 15h 20h 25h 30h 35h 40h Hours per week Fixed tasks 7 hrs Variable tasks 33 hrs Fixed tasks 7 hrs Variable tasks now completed in 24 hrs Time productivity 9 hrs 38% efficiency improvement 8 NWL Paradino Acquisition September 26 Expanding exposure to key adviser workflows • Prior to today Netwealth focussed on only one of the nine core adviser workflows, namely investment platform advice implementation • This spanned approximately 4 hours, or 10% of an adviser’s week • Paradino expands Netwealth’s exposure into three additional core workflows: – Meeting preparation and fact finding, – SOA and ROA production, and – Review and servicing administration • These span a further 16 hours, or 40% of an adviser’s week • This gives Netwealth exposure to four out of the nine core workflows and workflow capture of 50% of an adviser’s time Increased efficiencies and time savings • Paradino potentially saves nine hours or more a week across three of an adviser’s workflows • Redeploying this time to new business, an adviser can potentially grow by 38% (33 hours of variable time would otherwise be scaled down to 24 hours) • Efficiency savings enable an adviser to service more clients and grow their business • For Netwealth this is expected to generate additional FUA, with no associated customer acquisition cost Variable Fixed
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Paradino capability • Athena AI supports advice document preparation, client communications, meeting notes and related administration • File notes generated from recordings and transcripts • Strategy papers generated for paraplanner review • SOAs and ROAs generated using practice templates • Client presentations generated automatically • Integrates with third-party adviser tools Paradino provides a modern and intuitive user experience that is easy to learn Advice workflows are time- intensive and inefficient 9 NWL Paradino Acquisition September 26
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Adviser Outcomes • Reduced document-preparation effort • More time for client. engagement and advice delivery • Greater capacity to support more clients Paradino uses agentic AI to extract and structure data across workflows and client profiles Advice workflows are time- intensive and inefficient 10 NWL Paradino Acquisition September 26
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Paradino creates Filenotes, ROA's and SOA's in minutes not hours Advice workflows are time- intensive and inefficient 11 NWL Paradino Acquisition September 26
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02 About Paradino 12 NWL Paradino Acquisition September 26
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• Agentic AI advice productivity platform: generates file notes, strategy papers, SOAs and ROAs from meeting recordings, transcripts and source documents • In-product conversational AI assistant and knowledge base for unstructured client data • Meeting minutes and action capture for SOA and ROA creation Founded by: • Alex Gassner (CEO) • Josh Ratnarajah (CTO) • Post-completion model: autonomous subsidiary retaining full operational and P&L accountability, with board- anchored governance and oversight • Lean, founder-led engineering culture, to be preserved via a two- lane (BAU / joint-initiative) operating model • Subscription SaaS: with monthly fees ranging from $149/month, to $349/month (typically <$5k annual software cost) • <1 month payback period for an adviser • Revenue: FY25 $73k → FY26 $778k • ARR: June ‘25 $265k → June ‘26 $1,426k • 484 subscribed of which 100 are Netwealth platform users (June ‘26) <1% monthly churn 1. As at August 2026 2. Annual Recurring Revenue 3. Source: Quality of Advice Review, Dec 2022, p.129 $29M maximum total consideration (upfront + earn-out + retention) > 10 min to generate an SOA, vs 6.6–14.6 hrs manually 3 535 Subscribers 1 336 Advice businesses 1 Australian Advice Expertise • Developed specifically for Australia's highly regulated advice market • Combines workflow automation with deep advice and compliance knowledge • Purpose-built for adviser processes rather than general AI applications • Has build a capability difficult to replicate • Churn rate reflects customer satisfaction, confidence, quality and reliability of Paradino's outputs $1.6M ARR 1 2 13 NWL Paradino Acquisition September 26 Product People Business Model Paradino on a page
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^Percentages excluding overlaps Source: Investment Trends Adviser Tech Needs Report Summary June 2026 • Approximately a fifth of surveyed advisers use a purpose-built AI tool for financial advice today • Of these the most popular tool is Paradino, used by 30% Source: Investment Trends Adviser Tech Needs Report Summary June 2026 Paradino is the market leader in Australia Q132 Which of the following AI tools does your practice currently use? (Multiple responses permitted) Among financial advisers [n=499] Q133 Which advice-specific AI tool do you use? (Multiple responses permitted) Among financial advisers who use advice-specific AI tools [n=111] Copilot (Microsoft) ChatGPT (OpenAI) Claude (Anthropic) Gemini (Google) Other general purpose AI tool Purpose-built AI tool for financial advice AI features embedded within your advice software or platform Other Not currently using any of the above General-purpose AI (83%^) Advice-specific AI (24%^) • FileNote AI • Perplexity • OtterAI 14 NWL Paradino Acquisition September 26 • FileNote AI • FinTalkr • Meeting Ally • PlanAI • Plaud Paradino Claras Marloo Jump AI Xeppo (now Unify) Practifi Aveni Zocks FAYBL Other
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0 100 200 300 400 500 600 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 0 400 800 1,200 1,600 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 $’000 Strong customer adoption validates proposition Paradino Monthly ARR Paradino subscriber numbers 15 NWL Paradino Acquisition September 26
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Per Adviser today +38% Efficiency With Full Efficiency Clients 120 46 166 FUA $87M $33M $120M Fees $560k $213k $773k NWL today +38% Efficiency With Full Efficiency Clients 182,200 69,200 251,400 FUA $135B $51B $186B Revenue $383M $146M $529M Efficiencies creates value for advisers and Netwealth Illustrative economics per adviser Potential Netwealth opportunity 16 NWL Paradino Acquisition September 26
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Consideration Upfront — cash $15M Upfront — Netwealth shares (escrowed) $5M Upfront total $20M Earn-out (4 yrs, subject to milestones) + retention payments $9M Maximum consideration $29M Transaction terms and financial expectations Funding Cash consideration funded from cash reserves and debt Consideration Netwealth will invest a further $10M over the next two years to accelerate delivery of the Paradino roadmap and scale its capability across the Australian advice market . Financial impact • Existing Netwealth guidance is maintained on a pre- acquisition basis. • Paradino is an early -stage business and has not yet achieved break -even. • Paradino FY27 operating performance is expected to deliver an EBITDA loss of approximately $3M. • Paradino’s financial performance and the additional investment will be reported separately from Netwealth’s underlying results. Transaction completion Expected by the end of October 2026 Additional investment 17 NWL Paradino Acquisition September 26
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Unlocking adviser capacity to meet growing demand for advice Accelerates our Dx30 ambition Adviser capacity is a key constraint to industry growth. Paradino increases adviser productivity, enabling advisers to serve more clients and support higher platform activity over time. Unlocks adviser capacity Automates time-intensive workflows and removes a critical bottleneck in advice production, allowing advisers to spend more time with clients and grow their businesses. Expands from platform administration into advice workflows Extends Netwealth’s participation beyond advice implementation into advice workflows (generation, preparation, and servicing), creating a more diverse business base and integrated experience for advisers. Acquiring a proven market leader Paradino is a rapidly growing advice automation platform with demonstrated customer adoption, strong retention and a leading position in an emerging category. Creating value for all stakeholders Combining Paradino's advice automation capability with Netwealth's platform, data, distribution and investment capacity creates greater value for advisers, clients and shareholders. 18 NWL Paradino Acquisition September 26
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Questions? Disclaimer: This document is for general use. Modification of content is prohibited unless you have Netwealth’s express prior written consent.