Bonham Carter backs launch of online discretionary manager Netwealth

Just over £6.5m raised for new venture

clock • 1 min read

Jupiter vice-chairman Edward Bonham Carter is among the angel investors who have raised just over £6.5m to support the launch of a new online discretionary wealth manager targeting professionals.

Netwealth, which launches today, has been founded by Charlotte Ransom, a former Goldman Sachs partner, and Thomas Salter, a former managing director of JP Morgan. Its management team also includes Boris Johnson's former chief economic adviser Gerard Lyons as chief economic strategist, as well as former senior executives from JP Morgan, Julius Baer, Schroders and UBS Asset Management. Targeted at professionals, Netwealth's all-in annual fees are 0.65% from £50,000 down to 0.35% for £500,000 and above. The wealth manager is also offering a service called Netwealth Network, which allo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

The existential threat at the heart of Britain's biggest wealth manager

The existential threat at the heart of Britain's biggest wealth manager

Fees made St James's Place rich but now risk toppling the firm

Chris Newlands
clock 15 May 2024 • 10 min read
St James's Place results lay bare cost and charging challenges against market tumult

St James's Place results lay bare cost and charging challenges against market tumult

'Structural opportunity' for advice industry

Hope Coumbe
clock 28 February 2024 • 3 min read
SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

Open-ended structures 'have to work'

Valeria Martinez
clock 01 December 2023 • 2 min read
Trustpilot