Some ASX shares are built for short bursts of excitement. Others can compound value over many years by reinvesting at attractive rates, expanding into larger markets, and strengthening their competitive positions.
That second group can be powerful for patient investors, as high-quality businesses with long runways can create serious wealth over time.
Here are three that could do this over the next decade:
Hub24 Ltd (ASX: HUB)
The first ASX share to look at is Hub24.
It operates an investment platform used by financial advisers and their clients. These platforms help manage portfolios, reporting, administration, and access to investment products in one place.
Hub24 has benefited from a major shift in Australia's wealth management industry. Advisers have been moving away from older platforms and toward technology-led providers that offer better functionality, flexibility, and service.
This has helped the company win market share and attract growing funds under administration. And as more money flows onto its platform, Hub24 benefits from scale, recurring revenue, and deeper relationships with advisers.
There will always be competition in platform technology. But Hub24 has built a strong position in a large industry that still has room to modernise.
Light & Wonder Inc (ASX: LNW)
Another ASX share that could build wealth over time is Light & Wonder.
It operates in the global gaming industry, providing gaming machines, digital casino content, and social gaming products. This gives it exposure to several parts of a large entertainment market.
Light & Wonder's strength is its content. Successful gaming products rely on engaging maths models, strong brands, player appeal, and distribution across land-based and digital channels. When a company gets that mix right, popular titles can travel across markets and formats.
The business also has a global opportunity. Casinos, digital operators, and social gaming platforms all need fresh content to keep players engaged. That creates a long runway for companies that can consistently develop and distribute successful games.
This is not a risk-free sector. Regulation, competition, and consumer trends all matter. But Light & Wonder has a platform that gives it multiple ways to grow earnings if it continues executing well.
Macquarie Group Ltd (ASX: MQG)
A third ASX share to consider is Macquarie.
The investment bank and asset manager has built one of the most impressive long-term track records on the ASX. Its operations span asset management, commodities, infrastructure, green energy, banking, and markets.
What makes Macquarie interesting is its ability to find growth opportunities across cycles. It is not reliant on one narrow earnings stream. Some divisions perform better in volatile markets, while others benefit from long-term investment themes.
Its global infrastructure and asset management capabilities are particularly important. Demand for capital to fund energy transition, data infrastructure, transport assets, and essential services could remain significant for decades.
Overall, few ASX financial shares have shown the same ability to adapt, reinvest, and grow across different environments as Macquarie.
The post 3 ASX shares that could build serious wealth for shareholders appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24, Light & Wonder Inc, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Hub24 and Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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