Netwealth Group Limited

ASX:NWL Stock Report

Market Cap: AU$7.1b

Netwealth Group Management

Management criteria checks 2/4

Netwealth Group's CEO is Matt Heine, appointed in Oct 2022, has a tenure of 2.17 years. total yearly compensation is A$1.91M, comprised of 43% salary and 57% bonuses, including company stock and options. directly owns 1.31% of the company’s shares, worth A$93.38M. The average tenure of the management team and the board of directors is 1.9 years and 9.1 years respectively.

Key information

Matt Heine

Chief executive officer

AU$1.9m

Total compensation

CEO salary percentage43.0%
CEO tenure2.2yrs
CEO ownership1.3%
Management average tenure1.9yrs
Board average tenure9.1yrs

Recent management updates

Recent updates

Netwealth Group Limited (ASX:NWL) Not Flying Under The Radar

Oct 17
Netwealth Group Limited (ASX:NWL) Not Flying Under The Radar

Here's Why Netwealth Group (ASX:NWL) Has Caught The Eye Of Investors

Sep 04
Here's Why Netwealth Group (ASX:NWL) Has Caught The Eye Of Investors

The Netwealth Group Limited (ASX:NWL) Yearly Results Are Out And Analysts Have Published New Forecasts

Aug 14
The Netwealth Group Limited (ASX:NWL) Yearly Results Are Out And Analysts Have Published New Forecasts

Here's Why We Think Netwealth Group (ASX:NWL) Might Deserve Your Attention Today

May 22
Here's Why We Think Netwealth Group (ASX:NWL) Might Deserve Your Attention Today

Getting In Cheap On Netwealth Group Limited (ASX:NWL) Might Be Difficult

May 01
Getting In Cheap On Netwealth Group Limited (ASX:NWL) Might Be Difficult

We Ran A Stock Scan For Earnings Growth And Netwealth Group (ASX:NWL) Passed With Ease

Feb 03
We Ran A Stock Scan For Earnings Growth And Netwealth Group (ASX:NWL) Passed With Ease

With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case

Oct 13
With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case

Netwealth Group (ASX:NWL) Has Announced That It Will Be Increasing Its Dividend To A$0.13

Aug 18
Netwealth Group (ASX:NWL) Has Announced That It Will Be Increasing Its Dividend To A$0.13

With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case

Jun 15
With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case

Here's Why Netwealth Group (ASX:NWL) Has Caught The Eye Of Investors

Mar 15
Here's Why Netwealth Group (ASX:NWL) Has Caught The Eye Of Investors

Is Now The Time To Put Netwealth Group (ASX:NWL) On Your Watchlist?

Oct 14
Is Now The Time To Put Netwealth Group (ASX:NWL) On Your Watchlist?

Here's Why I Think Netwealth Group (ASX:NWL) Is An Interesting Stock

Jul 08
Here's Why I Think Netwealth Group (ASX:NWL) Is An Interesting Stock

Three Things You Should Check Before Buying Netwealth Group Limited (ASX:NWL) For Its Dividend

Apr 01
Three Things You Should Check Before Buying Netwealth Group Limited (ASX:NWL) For Its Dividend

Does Netwealth Group (ASX:NWL) Deserve A Spot On Your Watchlist?

Mar 14
Does Netwealth Group (ASX:NWL) Deserve A Spot On Your Watchlist?

Independent Non-Executive Chairman Timothy Antonie Just Bought A Handful Of Shares In Netwealth Group Limited (ASX:NWL)

Feb 21
Independent Non-Executive Chairman Timothy Antonie Just Bought A Handful Of Shares In Netwealth Group Limited (ASX:NWL)

What Kind Of Investors Own Most Of Netwealth Group Limited (ASX:NWL)?

Dec 27
What Kind Of Investors Own Most Of Netwealth Group Limited (ASX:NWL)?

Who Has Been Selling Netwealth Group Limited (ASX:NWL) Shares?

Dec 06
Who Has Been Selling Netwealth Group Limited (ASX:NWL) Shares?

CEO Compensation Analysis

How has Matt Heine's remuneration changed compared to Netwealth Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$2mAU$821k

AU$83m

Mar 31 2024n/an/a

AU$80m

Dec 31 2023n/an/a

AU$76m

Sep 30 2023n/an/a

AU$71m

Jun 30 2023AU$2mAU$773k

AU$67m

Mar 31 2023n/an/a

AU$63m

Dec 31 2022n/an/a

AU$59m

Sep 30 2022n/an/a

AU$57m

Jun 30 2022AU$1mAU$723k

AU$56m

Mar 31 2022n/an/a

AU$55m

Dec 31 2021n/an/a

AU$54m

Sep 30 2021n/an/a

AU$54m

Jun 30 2021AU$1mAU$478k

AU$54m

Mar 31 2021n/an/a

AU$52m

Dec 31 2020n/an/a

AU$51m

Sep 30 2020n/an/a

AU$47m

Jun 30 2020AU$821kAU$479k

AU$44m

Dec 31 2019n/an/a

AU$39m

Sep 30 2019n/an/a

AU$37m

Jun 30 2019AU$705kAU$479k

AU$35m

Dec 31 2018n/an/a

AU$30m

Sep 30 2018n/an/a

AU$25m

Jun 30 2018AU$671kAU$480k

AU$20m

Compensation vs Market: Matt's total compensation ($USD1.21M) is below average for companies of similar size in the Australian market ($USD2.16M).

Compensation vs Earnings: Matt's compensation has increased by more than 20% in the past year.

CEO

Matt Heine

2.2yrs

Tenure

AU$1,908,229

Compensation

Mr. Matthew Alexander Max Heine, also known as Matt, has been Managing Director of Netwealth Group Limited since October 1, 2022 and serves as its Chief Executive Officer since 2023 and its Director since...

Leadership Team

NamePositionTenureCompensationOwnership
Matthew Alexander Heine
CEO, MD & Director2.2yrsAU$1.91m1.31%
A$ 93.4m
Grant Boyle
CFO & Joint Company Secretary7.6yrsAU$804.89k0.00010%
A$ 7.1k
David Sutherland
Executive General Manager of Investment Operations & Managed Accounts2.9yrsno datano data
John Hanrahan
Chief Information Officerno datano datano data
Amanda Atkinson
Executive General Manager of Serviceless than a yearno datano data
Jodie Henson
Chief Riskless than a yearno datano data
Damian Holland
Executive General Manager of Sales & Distributionno datano datano data
Matt West
Executive General Manager of Product & Marketingless than a yearno datano data
Shanyn Payne
Chief People Officer1.9yrsno datano data
Lindsay Coates
Head of Strategic Accountsno datano datano data
Naomi Finnigan
Head of Investment Solutionsno datano datano data

1.9yrs

Average Tenure

Experienced Management: NWL's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Matthew Alexander Heine
CEO, MD & Director20.8yrsAU$1.91m1.31%
A$ 93.4m
Timothy Antonie
Independent Non-Executive Chairman9.1yrsAU$350.00k0.025%
A$ 1.8m
Michael Heine
Non Executive Director25.9yrsAU$56.62k46.57%
A$ 3.3b
Davyd Lewis
Independent Non-Executive Director15.4yrsAU$241.65k0.038%
A$ 2.7m
Sarah Brennan
Independent Non-Executive Directorless than a yearAU$59.68k0.00090%
A$ 64.2k
Sally Freeman
Independent Non-Executive Director5.2yrsAU$195.00k0.0043%
A$ 304.4k
Kate Temby
Independent Non-Executive Director3.8yrsAU$180.00k0.0033%
A$ 233.1k

9.1yrs

Average Tenure

Experienced Board: NWL's board of directors are considered experienced (9.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 02:33
End of Day Share Price 2024/12/17 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Netwealth Group Limited is covered by 28 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Benjamin BrayshawBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited