Morningstar | Netwealth continues to grow platform market share, but fee pressure persists
We expect Netwealth to continue to capture market share and increase platform funds under administration, or FUA. The firm currently comprises just 2% of the Australian platform market, and our forecasts imply that it will achieve market share of around 6% by 2028. However, with low switching costs, we expect strong FUA growth to be offset by industry fee compression, as platform providers largely compete on price. We expect Netwealth to generate a revenue CAGR of 13% over the next decade, and the relatively fixed-cost nature of the business and associated operating leverage should drive margin expansion and a 15% EBIT CAGR over the decade.New Tel Limited. Develops and sells mobile data communications products and advanced engine enhancement componentry which included the Transcom Natural Gas Vehicle System (NGVS) and Sprintex Supercharger products. Telecommunications accounted for 93% of fis 2001 revs; Vehicle Engine Systems, 7%.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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