Netwealth founder and Rich Lister Michael Heine will take a step back from the $55.7 billion wealth management company in October, but that doesn’t mean he’s going fishing, he said, as the company released its full-year results on Wednesday.

The ASX-listed company posted a 2.8 per cent increase in statutory net profit after tax to $55.6 million in the year to June 30, while earnings before interest, tax, depreciation and amortisation increased 6.6 per cent to $84.6 million.