Netwealth Group Ltd (ASX: NWL) Share Price and News
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Netwealth Group Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
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as at 24 Feb 3:44pm
Netwealth Group Ltd (ASX: NWL)
Latest News

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Frequently Asked Questions
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Yes, Netwealth has historically paid two fully franked dividends a year.
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Netwealth generally pays its shareholder dividends in March and September.
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Netwealth Group Ltd listed on the ASX on 20 November 2015.
Dividend Payment History Data provided by Morningstar.
Ex-Date | Amount | Franking | Type | Payable |
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22 Aug 2023 | $0.1300 | 100.00% | Final | 21 Sep 2023 |
22 Feb 2023 | $0.1100 | 100.00% | Interim | 24 Mar 2023 |
30 Aug 2022 | $0.1000 | 100.00% | Final | 29 Sep 2022 |
23 Feb 2022 | $0.1000 | 100.00% | Interim | 24 Mar 2022 |
26 Aug 2021 | $0.0950 | 100.00% | Final | 24 Sep 2021 |
22 Feb 2021 | $0.0906 | 100.00% | Interim | 26 Mar 2021 |
25 Aug 2020 | $0.0780 | 100.00% | Final | 24 Sep 2020 |
25 Feb 2020 | $0.0690 | 100.00% | Interim | 26 Mar 2020 |
26 Aug 2019 | $0.0660 | 100.00% | Final | 26 Sep 2019 |
25 Feb 2019 | $0.0550 | 100.00% | Interim | 28 Mar 2019 |
10 Sep 2018 | $0.0538 | 100.00% | Final | 27 Sep 2018 |
NWL ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
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YesNo |
About Netwealth Group Ltd
Netwealth Group Ltd (ASX: NWL) is a financial services and technology company. It provides a wide range of products and services to the Australian financial investment industry, including cloud-based investment administration software as a service (SaaS), a retail superannuation fund, and an administration business.
Netwealth's technology platform provides portfolio administration, investment management tools, and investment and managed account services to financial advisers, private clients, and companies. Netwealth charges SaaS fees based on funds under administration and management on its platform. It also offers Netwealth-branded investment products managed by third-party investment managers.
NWL Share Price History Data provided by Morningstar.
Date | Close | Change | % Change | Volume | Open | High | Low |
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28 Nov 2023 | $14.54 | $-0.04 | -0.27% | 214,583 | $14.61 | $14.70 | $14.50 |
27 Nov 2023 | $14.58 | $0.37 | 2.60% | 348,551 | $14.37 | $14.61 | $14.24 |
24 Nov 2023 | $14.21 | $0.07 | 0.50% | 146,833 | $14.26 | $14.35 | $14.14 |
23 Nov 2023 | $14.14 | $0.03 | 0.21% | 225,908 | $14.00 | $14.28 | $14.00 |
22 Nov 2023 | $14.11 | $-0.01 | -0.07% | 351,575 | $14.18 | $14.32 | $14.02 |
21 Nov 2023 | $14.12 | $-0.01 | -0.07% | 279,673 | $14.17 | $14.24 | $14.01 |
20 Nov 2023 | $14.13 | $0.31 | 2.24% | 217,524 | $14.06 | $14.15 | $13.84 |
17 Nov 2023 | $13.82 | $-0.13 | -0.93% | 204,166 | $14.21 | $14.21 | $13.76 |
16 Nov 2023 | $13.95 | $-0.38 | -2.65% | 422,313 | $14.45 | $14.45 | $13.89 |
15 Nov 2023 | $14.33 | $0.31 | 2.21% | 302,483 | $14.33 | $14.39 | $14.15 |
14 Nov 2023 | $14.02 | $0.24 | 1.74% | 465,541 | $14.13 | $14.20 | $13.86 |
13 Nov 2023 | $13.78 | $0.06 | 0.44% | 288,726 | $13.68 | $13.84 | $13.68 |
10 Nov 2023 | $13.72 | $0.08 | 0.59% | 232,788 | $13.55 | $13.72 | $13.45 |
09 Nov 2023 | $13.64 | $0.17 | 1.26% | 650,368 | $13.74 | $13.74 | $13.53 |
08 Nov 2023 | $13.47 | $-0.04 | -0.30% | 253,086 | $13.70 | $13.72 | $13.44 |
07 Nov 2023 | $13.51 | $0.26 | 1.96% | 199,710 | $13.27 | $13.54 | $13.22 |
06 Nov 2023 | $13.25 | $-0.20 | -1.49% | 352,151 | $13.71 | $13.71 | $13.25 |
03 Nov 2023 | $13.45 | $0.15 | 1.13% | 362,007 | $13.50 | $13.70 | $13.36 |
02 Nov 2023 | $13.30 | $0.38 | 2.94% | 468,232 | $13.11 | $13.43 | $13.07 |
01 Nov 2023 | $12.92 | $0.22 | 1.73% | 365,144 | $12.71 | $12.97 | $12.71 |
31 Oct 2023 | $12.70 | $0.21 | 1.68% | 505,745 | $12.47 | $12.77 | $12.42 |
Director Transactions Data provided by Morningstar.
Date | Director | Type | Amount | Value | Notes |
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24 Oct 2023 | Kate Temby | Buy | 3,000 | $39,349 |
On-market trade.
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11 Sep 2023 | Matthew (Matt) Heine | Sell | 3,300,000 | $50,490,000 |
Off-market trade.
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11 Sep 2023 | Michael Heine | Sell | 3,300,000 | $50,490,000 |
Off-market trade.
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17 Aug 2023 | Matthew (Matt) Heine | Sell | 2,801,200 | $40,057,160 |
Off-market trade.
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17 Aug 2023 | Michael Heine | Sell | 2,801,200 | $40,057,160 |
Off-market trade. As per announcement on 21-08-2023
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Directors & Management Data provided by Morningstar.
Name | Title | Start Date | Profile |
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Mr Matthew (Matt) Alexander Max Heine | Joint Managing Director | Jun 2017 |
Mr Heine was appointed Joint Managing Director in January 2015, became Managing Director in Oct 2022 then promoted to CEO and Managing Director from June 2023. He has been instrumental in the development of the Netwealth platform and products as well as the distribution, branding and marketing of the Group. Matthew's role and experience in the sales, marketing and strategy field brings a firsthand understanding of the industry and client base. He is a member of the People and Corporate Sustainability Committee.
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Mr Davyd Lewis | Non-Executive Director | Jun 2017 |
Mr Lewis was a partner of Mallesons Stephen Jaques for 20 years until his retirement in 2008. Davyd's role included Partner in Charge of the Melbourne centre, Managing Partner Practice of Mergers and Acquisitions, Property and Construction, Dispute Resolution and Intellectual Property, National Practice Team Leader of the Mergers and Acquisitions Group and was responsible for supervising the relationship with 50 of the firm's biggest clients. He is the Chair of the CRMC, NSS Audit Risk and Compliance Committee.
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Mr Michael Max Heine | Joint Managing Director | Jun 2017 |
Mr Heine was in the establishment of Netwealth in 1999. Michael acted as sole Managing Director from 1999 to 2014 and acted as Joint Managing Director together with his son Matthew from January 2015 until October 2022. He has experience in Australian and European financial markets, including commodity trading, international financing, mortgage lending and property development. Michael was instrumental in the establishment of the Heine Brothers funds management business in 1982 and was its Managing Director from 1982 to 1999 when the company was acquired by ING (then Mercantile Mutual). He is a member of NIL Investment Committee, NSS Risk and Compliance Committee and NSS Superannuation Investment Committee.
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Mr Timothy Michael Antonie | Non-Executive Director | Jun 2017 |
Mr Antonie commenced his career at Price Waterhouse (now PwC) and qualified as a chartered accountant. He subsequently worked at several investment banks, including at UBS Investment Bank as a Managing Director, where he advised major Australian companies in mergers, acquisitions, sales and restructures and equity transactions, as well as day-to-day equity market facing matters. Timothy is a principal of Stratford Advisory Group providing independent financial advice to Australian and international corporations. Timothy is currently the chair of Breville Group Ltd and the lead independent Director of Premier Investments Ltd.
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Ms Sally Margaret Freeman | Non-Executive Director | Oct 2019 |
Ms Freeman executive career comprised over 30 years of experience in the accounting and consultancy industries culminating in several leadership roles with KPMG: Global Executive - Risk Consulting Services, Australia Managing Partner Risk Consulting, Partner in Charge Board Advisory and Managing Partner Internal Audit. She is currently a Director of Regional Investment Corporation, Eastern Health, Melbourne Football Club and Regis Aged Care, Suburban Rail Link Authority and Aioi Nissay Dowa Insurance Company Australia. She is a member of the CRMC, NSS Audit Risk and Compliance Committee and NSS Superannuation Investment Committee.
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Ms Kate Temby | Non-Executive Director | Feb 2021 |
Ms Temby is a Managing Director with Metlife Investment Management. Kate is a member of the Investment Committee for Conscious Investment Management (a private equity impact fund), Melbourne Grammar School and was a Board member of Melbourne Girls Grammar and Chair of the Marketing Committee from January 2016 to September 2020. She was formerly a partner with Affirmative Investment Management, a MD at Goldman Sachs, and Co-Head of Asia Pacific Ex-Japan Asset Management Institutional Sales. Prior to this, Kate was a Consultant in Financial Risk Management at Price Waterhouse (now PwC). She is a member of Compliance and Risk Management Committee. She is the Chair of the People and Corporate Sustainability Committee and NIL Investment Committee.
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Mr Grant Boyle | Chief Financial OfficerJoint Company Secretary |
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Ms Rachel Axton | General Manager - Legal Risk and ComplianceJoint Company Secretary |
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Mr Stephen Masterman | Joint Company Secretary | Dec 2022 |
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Grant Boyle | Chief Financial OfficerJoint Company Secretary |
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John Hanrahan | Chief Information Officer |
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Shanyn Payne | Chief People Officer |
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Jodie Henson | Chief Risk Officer |
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Rachel Axton | General Manager - Legal Risk and ComplianceJoint Company Secretary |
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David Sutherland | General Manager Investment Operations and Managed Accounts |
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Matt West | General Manager Product and Strategy |
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Damian Holland | General Manager Sales and Distributions |
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Alistair Densley | General Manager Transformation and Special Projects |
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Amanda Atkinson | General Administration and Support |
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Stephen Masterman | Head of Legal and Joint Company Secretary |
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Stephen Masterman | Joint Company Secretary |
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Top Shareholders Data provided by Morningstar.
Name | Shares | Capital |
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Heine Brothers Pty Ltd | 106,904,990 | 43.83% |
HSBC Custody Nominees (Australia) Limited | 33,276,786 | 13.64% |
J P Morgan Nominees Australia Pty Limited | 17,908,827 | 7.34% |
Leslie Max Heine Pty Ltd <ATF The LMH Trust> | 17,309,465 | 7.10% |
Citicorp Nominees Pty Limited | 16,049,532 | 6.58% |
Netwealth Investments Limited <Wrap Services A/C> | 12,673,881 | 5.20% |
BNP Paribas Noms Pty Ltd <Drp> | 6,444,547 | 2.64% |
National Nominees Limited | 5,208,183 | 2.14% |
Australian Foundation Investment Company Limited | 3,489,034 | 1.43% |
BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> | 1,804,892 | 0.74% |
Netwealth Investments Limited <Super Services A/C> | 1,714,427 | 0.70% |
HSBC Custody Nominees (Australia) Limited i | 1,528,052 | 0.63% |
Mirrabooka Investments Ltd | 939,500 | 0.39% |
Sandhurst Trustees Ltd <Harper Bernays Ltd A/C> | 843,855 | 0.35% |
BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> | 806,331 | 0.33% |
Amcil Limited | 524,000 | 0.21% |
Asset Plus Pty Limited <ATF The Headline Investments Trust> | 467,670 | 0.19% |
Djerriwarrh Investments Limited | 384,000 | 0.16% |
BNP Paribas Nominees (NZ) Ltd | 350,933 | 0.14% |
Truebell Capital Pty Ltd <Truebell Investment Fund> | 290,000 | 0.12% |