Fintech market darling Netwealth had a 35 per cent lift in profit as it claws new business from the big four banks and incumbent wealth managers, increasing its dividend by 15 per cent from the June half.
The wealth management technology provider made net profit of $27.6 million for the first half of the financial year, up 34.5 per cent on the year before.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
