Mayank Bansal, CFA
Mayank Bansal is a CFA Charterholder and heads the Equity Research team at Kapitales Research, with over 5 years of experience analysing global equity markets. He leads fundamental, data-driven research combining rigorous financial analysis with macro trends.
Netwealth Group Discloses 0.68% Interest in Own Shares Held Through Superannuation Master Fund
Highlights:
Netwealth Group Limited (ASX: NWL) has lodged a disclosure of interests with the ASX, setting out the size of the stake it controls in its own shares. The announcement, dated 3 November 2026, reports positions as at 31 October 2026 and follows a deed poll the company and Netwealth Superannuation Services Pty Ltd (NSS) gave to the Australian Securities and Investments Commission under ASIC Instrument 19-1238.
Voting and Disposal Control at 0.68%
As at 31 October 2026, Netwealth and its controlled entities had the power to control voting or disposal of 1,681,221 voting shares, excluding any Excluded Shares. That equates to 0.68% of voting shares and 0.68% of all shares, including non-voting shares.
Excluded Shares are shares issued under an employee share scheme that remain under a holding lock until the attached shareholder loan is repaid. These are not counted in the figures above.
No Net Economic Exposure
The company also confirmed it held a net economic exposure to zero shares as at the same date. Economic exposure refers to a financial arrangement, such as a derivative, that could produce a profit or loss for the company if its share price changes. A result of 0% on both the voting and total share measures shows no such arrangement was in place.
How the Interest Is Held
The filing explains that Netwealth is the holding company of NSS and Netwealth Investments Limited (NIL). NSS is trustee of the Netwealth Superannuation Master Fund, while NIL acts as the fund’s custodian and is the registered holder of the shares.
Because NIL holds the shares on trust for NSS, both Netwealth and NSS can influence their voting or disposal. Each of the three entities is therefore listed with a relevant interest in the same 1,681,221 ordinary shares. The company noted that Netwealth, NSS and NIL are associates under the Corporations Act 2001 (Cth), and that NSS and NIL are wholly owned subsidiaries. All three share the same address at Level 6, 180 Flinders Street, Melbourne, Victoria.
Market Snapshot
Netwealth shares were quoted at AU$19.490 at the time of writing, a rise of AU$1.260, or 6.911%, in the session. The disclosure is a routine compliance notice and does not signal any change to the company’s operations or strategy.
Authorisation and Contact
The document was authorised for release by Chief Financial Officer Hayden Stockdale, who is also the contact point for shareholder enquiries.
Note: All data presented is based on information available at the time of writing.
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