Netwealth Group Limited (NWL.AX)

19.77 +0.11 (+0.56%) At close: 04:10PM AEST

Netwealth Group Limited

180 Flinders Street
Level 6
Melbourne, VIC 3000
Australia
61 3 9655 1300
https://www.netwealth.com.au

Sector(s): Financial Services
Industry: Capital Markets
Full-time employees: 588

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Matthew Alexander Max Heine	CEO, MD & Director	1.17M	N/A	N/A
Mr. Grant A. Boyle C.A.	CFO & Joint Company Secretary	559.34k	N/A	N/A
Mr. Michael Max Heine	Executive Director	49.62k	N/A	N/A
Mr. David Sutherland	General Manager of Investment Operations & Managed Accounts	N/A	N/A	N/A
Mr. John Hanrahan	Chief Information Officer	N/A	N/A	N/A
Mr. Stephen Masterman	Head of Legal & Joint Company Secretary	N/A	N/A	N/A
Mr. Damian Holland	General Manager of Sales & Distribution	N/A	N/A	N/A
Ms. Shanyn Payne	Chief People Officer	N/A	N/A	N/A
Lindsay Coates	Head of Strategic Accounts	N/A	N/A	N/A
Naomi Finnigan	Head of Investment Solutions	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in AUD.

Description

Netwealth Group Limited, a financial services company, engages in the wealth management business in Australia. It offers financial intermediation services; superannuation products; managed accounts; and managed funds, as well as investor directed portfolio services. The company also provides investment wrap products; investment options, such as listed and international securities, managed account models, managed funds, term deposits, premium services, and investor rewards; insurance products; forms and disclosure documents; and resources and tools, as well as advisory, licensee, and private wealth solutions. In addition, it offers superannuation master fund, managed accounts, and self-managed superannuation and non-custodial administration services; and portfolio management tools, performance tools, investment research tools, and mobile access tools. The company provides its financial services to investors and non-institutional intermediaries, including financial advisers, private clients, and high net worth firms. Netwealth Group Limited was founded in 1999 and is headquartered in Melbourne, Australia.

Corporate governance

Netwealth Group Limited’s ISS governance QualityScore as of 1 May 2024 is 5. The pillar scores are Audit: 3; Board: 5; Shareholder rights: 6; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.