Altgate Capital is launching a service offering independent wealth management research, advice and a...
Altgate Capital is launching a service offering independent wealth management research, advice and access to alternative investments for institutional clients.
The service will be offered through the website, www.altgate.com in the first quarter of 2001.
Wealth managers will be able to download research and place orders on the website, which will be fully interactive. Access to the website will be by password only.
Altgate Capital is targeting financial institutions, including private banks and IFAs. The group does not take fees from suppliers of financial products and the service is not aimed at individual investors.
The first product category to be covered by the service will be hedge funds but the company plans to offer advice and access to private equity products later in 2001.
It will aggregate small investment tranches, reducing the minimum investment into a given fund for each wealth manager from the usual $1-3m range to a lower level. The service will offer its own rating system on hedge funds for wealth managers to determine a hedge fund's suitability for their client.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till