What Does Netwealth Do?

Total employees65
HeadquartersMelbourne
Founded2015

Netwealth is a leading Australian financial services company offering a comprehensive suite of wealth management solutions. They provide an investment platform for financial advisers, private clients, and non-institutional wholesale investors, offering access to a wide range of investment options, superannuation products, and portfolio administration services. Netwealth is known for its technology-driven approach, aiming to simplify and enhance the wealth management experience through its innovative platform and dedicated customer service.

Where Is Netwealth's Headquarters?

HQ Function

Serves as the primary operational and strategic center for Netwealth, housing its executive leadership, technology development, client services, marketing, finance, and corporate governance functions.

Notable Features:

Located in a modern office building in Melbourne's CBD, offering contemporary workspaces designed to foster collaboration and innovation. The location provides excellent connectivity and access to amenities.

Work Culture:

Netwealth promotes an agile, innovative, and client-focused work culture. There is an emphasis on continuous improvement, technological advancement, and teamwork to deliver exceptional service and platform features. Employees often describe it as a fast-paced and rewarding environment.

HQ Significance:

The Melbourne headquarters is crucial for Netwealth's Australian operations, driving its platform strategy, innovation, and service delivery nationwide. Its location in a key financial city underscores its importance in the Australian wealth management industry.

Values Reflected in HQ: The headquarters' design and functionality likely reflect Netwealth's core values of innovation, client-centricity, excellence, and integrity, by providing an efficient and collaborative environment for its teams.

Location:

Netwealth's operations and client base are primarily concentrated within Australia. It focuses on serving the Australian financial advice market and Australian investors with its domestically-focused wealth management platform and services. While its technology is advanced, its strategic focus remains on the Australian market.

Street Address:

Level 6/180 Flinders Street

City:

Melbourne

State/Province:

VIC

Country:

Australia

Where Else Does Netwealth Operate Around the World?

Sydney, NSW/Australia

Address: Level 21, 1 O'Connell Street, Sydney NSW 2000

To strengthen Netwealth's presence in the significant New South Wales market, providing localized support and fostering closer relationships with advisers and clients in the region.

Buying Intent Signals for Netwealth

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Netwealth? Meet the Executive Team

As of April 2025, Netwealth' leadership includes:

Michael Heine - Joint Managing Director
Matt Heine - Joint Managing Director
Grant Boyle - Chief Financial Officer
Rachel Axton - Chief People Officer
Alasdair MacLeod - Chief Executive – Platform
Damian Holland - Chief Risk Officer
Eleanor Gronow - Chief Customer Officer

Who's Investing in Netwealth?

Netwealth has been backed by several prominent investors over the years, including:

Publicly Traded (ASX: NWL)
Heine Family Interests (Founding and significant shareholders)
BlackRock Investment Management (Australia) Limited
The Vanguard Group, Inc.
State Street Global Advisors (Australia) Limited
Various other institutional and retail shareholders

What Leadership Changes Has Netwealth Seen Recently?

Hire1
Exits1

Over the past 12 months, Netwealth experienced a significant leadership change in its platform division, with the departure of the long-serving Chief Executive of Platform and Operations and the appointment of a new Chief Executive – Platform.

Departures

Tim Sparks, Tim Sparks resigned from Netwealth after nearly eight years, stepping down from his role as Chief Executive - Platform and Operations.

New Appointments:

Alasdair MacLeod, Alasdair MacLeod joined Netwealth as Chief Executive – Platform, bringing extensive experience from previous roles in the financial services and technology sectors.

What Technology (Tech Stack) Is Used byNetwealth?

Discover the tools Netwealth uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Netwealth Email Formats and Examples

Netwealth typically uses a standard email format for its employees, generally combining the employee's first initial and last name followed by the company domain.

[first_initial][last]@netwealth.com.au

Format

mheine@netwealth.com.au

Example

90%

Success rate

What's the Latest News About Netwealth?

Financial StandardApril 18, 2024

Netwealth FUA hits record $80.3b

Netwealth announced its funds under administration (FUA) reached a new record of $80.3 billion as of March 31, 2024. This growth was driven by quarterly net inflows of $2.2 billion and positive market movements....more

InvestorDailyFebruary 21, 2024

Netwealth profit up 23% in 1H24 results

Netwealth reported a 23 per cent increase in statutory net profit after tax (NPAT) to $37.4 million for the first half of the 2024 financial year, driven by strong FUA growth and platform revenue....more

Financial StandardNovember 9, 2023

Netwealth confirms departure of platform chief Tim Sparks, names successor

Netwealth confirmed the resignation of Tim Sparks, its chief executive of platform and operations. Alasdair MacLeod was announced as his successor, set to join in December 2023....more

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