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.
Developed by industry-wide group
Joined in 2002
'Educate clients' children'
Raised £15m earlier this week
From 8pm Friday 19 October