
Netwealth (ASX: NWL) confirms it will fight a class action over First Guardian investment options on its super platform, as shares slide following the formal Statement of Claim.

Netwealth (ASX: NWL) continues to deliver strong FUA growth, rising recurring revenue, and expanding adviser adoption. While valuation reflects premium expectations, sustained upside depends on maintaining net-flow momentum and scaling profitability through operating leverage.
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