Netwealth Group Management
Management criteria checks 3/4
Netwealth Group's CEO is Matt Heine, appointed in Oct 2022, has a tenure of 1.83 years. total yearly compensation is A$1.54M, comprised of 50.3% salary and 49.7% bonuses, including company stock and options. directly owns 1.53% of the company’s shares, worth A$77.34M. The average tenure of the management team and the board of directors is 1.7 years and 8.8 years respectively.
Key information
Matt Heine
Chief executive officer
AU$1.5m
Total compensation
| CEO salary percentage | 50.3% |
| CEO tenure | 1.8yrs |
| CEO ownership | 1.5% |
| Management average tenure | 1.7yrs |
| Board average tenure | 8.8yrs |
Recent management updates
Recent updates
The Netwealth Group Limited (ASX:NWL) Yearly Results Are Out And Analysts Have Published New Forecasts
Aug 14
Here's Why We Think Netwealth Group (ASX:NWL) Might Deserve Your Attention Today
May 22Getting In Cheap On Netwealth Group Limited (ASX:NWL) Might Be Difficult
May 01We Ran A Stock Scan For Earnings Growth And Netwealth Group (ASX:NWL) Passed With Ease
Feb 03With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case
Oct 13Netwealth Group (ASX:NWL) Has Announced That It Will Be Increasing Its Dividend To A$0.13
Aug 18With EPS Growth And More, Netwealth Group (ASX:NWL) Makes An Interesting Case
Jun 15Here's Why Netwealth Group (ASX:NWL) Has Caught The Eye Of Investors
Mar 15Is Now The Time To Put Netwealth Group (ASX:NWL) On Your Watchlist?
Oct 14Here's Why I Think Netwealth Group (ASX:NWL) Is An Interesting Stock
Jul 08Three Things You Should Check Before Buying Netwealth Group Limited (ASX:NWL) For Its Dividend
Apr 01Does Netwealth Group (ASX:NWL) Deserve A Spot On Your Watchlist?
Mar 14Independent Non-Executive Chairman Timothy Antonie Just Bought A Handful Of Shares In Netwealth Group Limited (ASX:NWL)
Feb 21
What Kind Of Investors Own Most Of Netwealth Group Limited (ASX:NWL)?
Dec 27Who Has Been Selling Netwealth Group Limited (ASX:NWL) Shares?
Dec 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | AU$83m |
| Mar 31 2024 | n/a | n/a | AU$80m |
| Dec 31 2023 | n/a | n/a | AU$76m |
| Sep 30 2023 | n/a | n/a | AU$71m |
| Jun 30 2023 | AU$2m | AU$773k | AU$67m |
| Mar 31 2023 | n/a | n/a | AU$63m |
| Dec 31 2022 | n/a | n/a | AU$59m |
| Sep 30 2022 | n/a | n/a | AU$57m |
| Jun 30 2022 | AU$1m | AU$723k | AU$56m |
| Mar 31 2022 | n/a | n/a | AU$55m |
| Dec 31 2021 | n/a | n/a | AU$54m |
| Sep 30 2021 | n/a | n/a | AU$54m |
| Jun 30 2021 | AU$1m | AU$478k | AU$54m |
| Mar 31 2021 | n/a | n/a | AU$52m |
| Dec 31 2020 | n/a | n/a | AU$51m |
| Sep 30 2020 | n/a | n/a | AU$47m |
| Jun 30 2020 | AU$821k | AU$479k | AU$44m |
| Dec 31 2019 | n/a | n/a | AU$39m |
| Sep 30 2019 | n/a | n/a | AU$37m |
| Jun 30 2019 | AU$705k | AU$479k | AU$35m |
| Dec 31 2018 | n/a | n/a | AU$30m |
| Sep 30 2018 | n/a | n/a | AU$25m |
| Jun 30 2018 | AU$671k | AU$480k | AU$20m |
Compensation vs Market: Matt's total compensation ($USD1.02M) is below average for companies of similar size in the Australian market ($USD2.32M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
CEO
Matt Heine
1.8yrs
Tenure
AU$1,535,302
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 1.8yrs | AU$1.54m | 1.53% A$ 77.3m | |
| CFO & Joint Company Secretary | 7.3yrs | AU$686.24k | 0.027% A$ 1.3m | |
| Executive Director | 1.8yrs | AU$49.62k | 47.8% A$ 2.4b | |
| Executive General Manager of Investment Operations & Managed Accounts | 2.6yrs | no data | no data | |
| Chief Information Officer | no data | no data | no data | |
| Executive General Manager of Service | less than a year | no data | no data | |
| Chief Risk | less than a year | no data | no data | |
| Executive General Manager of Sales & Distribution | no data | no data | no data | |
| Executive General Manager of Product & Marketing | less than a year | no data | no data | |
| Chief People Officer | 1.6yrs | no data | no data | |
| Head of Strategic Accounts | no data | no data | no data | |
| Head of Investment Solutions | no data | no data | no data |
1.7yrs
Average Tenure
Experienced Management: NWL's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 20.4yrs | AU$1.54m | 1.53% A$ 77.3m | |
| Executive Director | 25.6yrs | AU$49.62k | 47.8% A$ 2.4b | |
| Independent Non-Executive Chairman | 8.8yrs | AU$250.00k | 0.025% A$ 1.2m | |
| Independent Non-Executive Director | 15.1yrs | AU$211.65k | 0.055% A$ 2.8m | |
| Independent Director | less than a year | no data | no data | |
| Independent Non-Executive Director | 4.8yrs | AU$165.00k | 0.0039% A$ 196.5k | |
| Independent Non-Executive Director | 3.5yrs | AU$150.00k | 0.0025% A$ 124.3k |
8.8yrs
Average Tenure
Experienced Board: NWL's board of directors are considered experienced (8.8 years average tenure).