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 allow...
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