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 allow...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA Awards 2024: Canada Life AM on winning Best High Income Fund

PA Awards 2024: Canada Life AM on winning Best High Income Fund

A look at how the financial services firm has risen to the top

Professional Adviser
clock 12 July 2024 • 4 min read
Scotland Investment Roadshow 2024: See PA in a city near you!

Scotland Investment Roadshow 2024: See PA in a city near you!

Our roadshow will visit Edinburgh and Glasgow this September

Professional Adviser
clock 11 July 2024 • 1 min read
Multi-Asset Roadshow 2024: PA is coming to a city near you!

Multi-Asset Roadshow 2024: PA is coming to a city near you!

Live in Harrogate, Warrington, Cardiff, Bristol, London

Professional Adviser
clock 08 July 2024 • 1 min read