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Lord Rose of Monewden, the former Marks & Spencer boss, has become the latest City grandee to invest in Netwealth after he joined an £11.3 million funding round by the wealth management start-up.
Netwealth was co-founded by former Goldman Sachs banker Charlotte Ransom...Ransom said: “..., advice firms began to realise, I think, that Netwealth is a business that is going to be around for a long-time, and they can see the benefit to their clients of our use of technology."
Iain Barnes, head of portfolio management at Netwealth,.. says: “Our primary aim as an investment team is always to align our portfolio construction with the firm’s overall ethos: delivering quality performance in an efficient way."
Charlotte Ransom, the CEO of Netwealth, commented on this: "...having a long-term ‘life plan’ is an important tool to help those currently unsure of how they can still achieve key milestones and financial goals over the course of their life.
Commenting on the findings, Netwealth CEO, Charlotte Ransom, said: “It is encouraging that the concerns highlighted have been met with a proactive response from many looking to take control of their financial futures.
"Ms Ransom launched Netwealth in May 2016...[she] provides the sector with thought leadership on issues including diversity, fee transparency, and technology. About half of Netwealth’s clients are women – double the industry average."
Gerard Lyons, chief economic strategist at...Netwealth, said that neither stimulus measures to encourage economic growth, nor tightening measures to reduce the deficit, are needed right now.
Gerard Lyons, Chief Economic Strategist at Netwealth, writes: "The Chancellor avoided squeezing the economy this year or next. Planned tax increases are being delayed until after the economy has recovered. That makes sense economically,.."
