Netwealth Group Limited

CHIA:NWL Stock Report

Market Cap: AU$7.7b

Netwealth Group Management

Management criteria checks 2/4

Netwealth Group's CEO is Matt Heine, appointed in Oct 2022, has a tenure of 2.33 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$100.67M. The average tenure of the management team and the board of directors is 1.1 years and 9.3 years respectively.

Key information

Matt Heine

Chief executive officer

AU$1.9m

Total compensation

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

Recent management updates

Recent updates

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 ($USD1.21M) is below average for companies of similar size in the Australian market ($USD2.44M).

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

CEO

Matt Heine

2.3yrs

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 & Director2.3yrsAU$1.91m1.31%
A$ 100.7m
Hayden Stockdale
Chief Financial Officerless than a yearno datano data
David Sutherland
Executive General Manager of Investment Operations & Managed Accounts3.1yrsno datano data
John Hanrahan
Chief Information Officerno datano datano data
Amanda Atkinson
Executive General Manager of Service1.1yrsno datano data
Jodie Henson
Chief Risk1.1yrsno datano data
Damian Holland
Executive General Manager of Sales & Distributionno datano datano data
Matt West
Executive General Manager of Product & Marketing1.1yrsno datano data
Shanyn Payne
Chief People Officer2.1yrsno datano data
Lindsay Coates
Head of Strategic Accountsno datano datano data
Victoria Dupuche
Head of Training & Relationship Managementless than a yearno datano data

1.1yrs

Average Tenure

Experienced Management: NWL's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Matthew Alexander Heine
CEO, MD & Director20.9yrsAU$1.91m1.31%
A$ 100.7m
Timothy Antonie
Independent Non-Executive Chairman9.3yrsAU$350.00k0.025%
A$ 1.9m
Michael Heine
Non Executive Director26.1yrsAU$56.62k46.48%
A$ 3.6b
Davyd Lewis
Independent Non-Executive Director15.6yrsAU$241.65k0.038%
A$ 2.9m
Sarah Brennan
Independent Non-Executive Director1yrAU$59.68k0.00090%
A$ 69.3k
Sally Freeman
Independent Non-Executive Director5.3yrsAU$195.00k0.0043%
A$ 328.1k
Kate Temby
Independent Non-Executive Director4yrsAU$180.00k0.0033%
A$ 251.8k

9.3yrs

Average Tenure

Experienced Board: NWL's board of directors are considered experienced (9.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 17:13
End of Day Share Price 2025/02/14 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.

Analysis Model and Snowflake

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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 Github.

Analyst Sources

Netwealth Group Limited is covered by 27 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