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...research by Netwealth earlier this year said while the pandemic has made people more engaged with their personal finances, only one in seven relied more on financial advice highlighting a more independent approach to finances.
(Michael) Spencer said that he backed people with potential as much as the businesses they run...including Charlotte Ransom, who founded wealth manager Netwealth in 2015. “She’s very smart and has patience, thoughtfulness, focus and tenacity, which I respect immensely,” he said.
Gerard Lyons, Chief Economic Strategist at Netwealth, writes: "In the early 1990s I was among a small group of economists predicting the move to a low-inflation, low-rate world. The lesson from then is how the consensus was slow to adjust its thinking."
It is perfectly acceptable to negotiate on fees, and also only pay for the service you are getting...Companies such as Netwealth suggest that this may be once every ten years or so, or when an important life event occurs.
Wealth manager Netwealth will consider potential suitable independent financial advice firms to purchase as part of its long-term growth strategy...and broaden its existing suite of wealth planning tools.
"The all-in fees for Netwealth clients, including direct and indirect charges, are less than 1 per cent, depending on the size of the pot managed.., the human element is still seen as crucial to Netwealth’s customers."
"Gerard Lyons, chief economic strategist at Netwealth, is concerned that central banks may be overly relaxed about inflation. He says: “The current inflation could be persistent, could be permanent or it could be passing through - the three 'Ps'."
Dr Gerard Lyons is chief economic strategist at Netwealth [writes] "Delivering upon a clear strategy for the City should ensure success, both in strengthening London’s global competitiveness and in helping to finance domestic growth."
