Netwealth Investments Ltd

Last updated
Netwealth Investments Ltd
Private
IndustryWealth Management
FoundedJanuary 2015
FounderCharlotte Ransom and Thomas Salter
Headquarters
London, United Kingdom
Area served
United Kingdom
Website https://www.netwealth.com/

Netwealth Investments Ltd is a UK-based wealth management firm, with its headquarters in London. [1] [2] The company offers a discretionary investment service which can be accessed online or via its team of financial advisers. Low maintenance portfolios are chosen according to clients’ financial goals and risk levels and then managed by a team of portfolio managers. [3]

United Kingdom Country in Europe

The United Kingdom (UK), officially the United Kingdom of Great Britain and Northern Ireland, is a sovereign country located off the north-western coast of the European mainland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands. Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state, the Republic of Ireland. Apart from this land border, the United Kingdom is surrounded by the Atlantic Ocean, with the North Sea to the east, the English Channel to the south and the Celtic Sea to the south-west, giving it the 12th-longest coastline in the world. The Irish Sea lies between Great Britain and Ireland. With an area of 242,500 square kilometres (93,600 sq mi), the United Kingdom is the 78th-largest sovereign state in the world. It is also the 22nd-most populous country, with an estimated 66.0 million inhabitants in 2017.

London Capital of the United Kingdom

London is the capital and largest city of both England and the United Kingdom. Standing on the River Thames in the south-east of England, at the head of its 50-mile (80 km) estuary leading to the North Sea, London has been a major settlement for two millennia. Londinium was founded by the Romans. The City of London, London's ancient core − an area of just 1.12 square miles (2.9 km2) and colloquially known as the Square Mile − retains boundaries that follow closely its medieval limits. The City of Westminster is also an Inner London borough holding city status. Greater London is governed by the Mayor of London and the London Assembly.

In finance, a portfolio is a collection of investments held by an investment company, hedge fund, financial institution or individual.

Contents

History

Netwealth Investments was founded in January 2015 by former Goldman Sachs partner Charlotte Ransom and former JP Morgan managing director Thomas Salter; Ransom serves as the CEO of the company. [4] [5] [6] [7]

Goldman Sachs U.S. investment bank

The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting.

Executive team and Board

The company executive team includes Charlotte Ransom as CEO, Thomas Salter as COO and Gerard Lyons as Chief Economic Strategist. In June 2018 Netwealth has appointed Edward Bonham Carter and Merryn Somerset Webb to its Board of Directors joining Michael Hartweg, the co-founder of Leonteq, as non-executive directors. [8] [9]

Gerard Lyons British economist

Gerard Lyons is a British economist, writer and a public speaker. He has been described by The Times as 'one of the most influential analysts of the global economy'.

Edward Henry Bonham-Carter is the Vice Chairman of a British fund management group, Jupiter Fund Management plc.

Merryn Somerset Webb is the Editor in chief of UK personal finance magazine MoneyWeek, writes for the Financial Times, the Sunday Post and Saga Magazine and is a radio and television commentator on financial matters.

Funding

As of Q2 2018, the company has raised £16.5M from investors namely Santander vice-chairman Bruce Carnegie-Brown, Betfair co-founder Edward Wray and former Goldmanites Glenn Earle, Simon Dingemans and Christopher Grigg. [5] [10] [11] [12]

Banco Santander, S.A., doing business as Santander Group, is a Spanish multinational commercial bank and financial services company founded and based in Santander, Spain. In addition to hubs in Madrid and Barcelona, Santander maintains a presence in all global financial centres as the largest Spanish banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia.

Bruce Neil Carnegie-Brown is a British insurance broker and former investment banker who has been Chairman of the insurance market Lloyd’s of London since June 2017, and of the price comparison website Moneysupermarket.com Group since April 2014.

Services

With its investment service, the firm manages clients’ portfolios on their behalf and invests liquid investments such as equities, corporate bonds, government bonds and cash. [3]

Government bond bond issued by a national government

A government bond or sovereign bond is a bond issued by a national government, generally with a promise to pay periodic interest payments called coupon payments and to repay the face value on the maturity date. The aim of a government bond is to support government spending. Government bonds are usually denominated in the country's own currency, in which case the government cannot be forced to default, although it may choose to do so. If a government is close to default on its debt the media often refer to this as a sovereign debt crisis.

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GIC Private Limited sovereign wealth fund established by the Government of Singapore in 1981

GIC Private Limited, formerly known as Government of Singapore Investment Corporation, is a sovereign wealth fund established by the Government of Singapore in 1981 to manage Singapore's foreign reserves. Its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years. With a network of 10 offices in key financial capitals around the world, GIC invests internationally in developed market equities, emerging market equities, nominal bonds and cash, inflation-linked bonds, private equity and real estate.

Wealth management is an investment-advisory discipline which incorporates financial planning, investment portfolio management and a number of aggregated financial services offered by a complex mix of asset managers, custodial banks, retail banks, financial planners and others. There is no equivalent of a stock exchange to consolidate the allocation of investments and promulgate fund pricing and as such it is considered a fragmented and decentralised industry. High-net-worth individuals (HNWIs), small-business owners and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. Wealth managers can have backgrounds as independent Chartered Financial Consultants, Certified Financial Planners or Chartered Financial Analysts, Chartered Strategic Wealth Professionals, Chartered Financial Planners, or any credentialed professional money managers who work to enhance the income, growth and tax-favored treatment of long-term investors.

Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. It is the largest distressed securities investor in the world, and one of the largest credit investors in the world. Oaktree emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities.

M&G Investments company

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Evercore

Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner.

Ezra Zask, President of Securities and Financial Consulting, LLC, Liquid Alternative Investments, LLC, and Empowering Investors, LLC, has spent more than three decades in senior positions in the hedge fund, securities markets and investment management industries. He has gained prominence as a foreign exchange and derivatives trader, financial risk manager, hedge fund manager, investment portfolio and asset allocation manager, author, speaker and teacher, having taught graduate level courses at, among others, Princeton University Graduate Department of Economics and Yale University Graduate School of Business. As of July 2017 Mr. Zask continues to work in finance, providing consulting services to investors. He has also founded a financial software company.

Jupiter Fund Management

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Stockspot is an online investment adviser and fund manager based in Sydney, Australia. It is the first fully paperless digital investment advice platform in Australia and provides consumers with access to professional investment services for less than the typical cost of a traditional financial adviser or wealth manager.

Hedgeable, Inc. is a U.S. based financial services company headquartered in New York City. The Hedgeable web and mobile app allows individuals to invest in customized portfolios. It is a digital wealth management platform. Hedgeable practices 'tactical investing'—that is, it doesn’t follow set allocations but actively manages accounts in response to market movements.

Moneyfarm is an online investment advisor and one of the largest digital wealth management companies in Europe, regulated by the FCA (UK) and Banca d'Italia (ITA).

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Wealthsimple Inc. is a Canadian online investment management service focused on making "investing easier for millennials." The firm was founded in September 2014 by Michael Katchen and is based in Toronto. As of February 2018, the firm had over C$1.9 billion in assets under management. It is primarily owned by Power Corporation indirectly at 77.4% through.

Cadre (company) A New York-based technology company that provides individuals and institutions direct access to large commercial real-estate properties

Cadre is a New York-based technology company that provides individuals and institutions direct access to large commercial real-estate properties. The business and financial press describe it as a service that "makes the real estate market more like the stock market" by allowing investors to select the individual transactions in which they participate, while investing a smaller amount than would be required to fully fund a transaction. For example, 12 institutional investors participated in a $60 million office building purchase. The firm has more than $1 billion under management, and was named to Forbes' "FinTech50" starting in 2016. In 2019, Cadre was the cover story of the Forbes "FinTech 50" issue. In 2018, a partnership with Goldman Sachs was announced through which Goldman Sachs' private wealth clients committed at least $250 million (USD) real estate investments through Cadre. The company also offers a managed portfolio service and a real estate secondary market.

Gravity Investments is an American investment services company. It is based in Denver, Colorado. Founded in 2000 by James Damschroder, the company operates as a digital advice platform or Institutional RoboAdvisory. They developed Gsphere, a software platform. The company was selected as one of the best Robo-advisors in May 2017.

References

  1. ↑ "Netwealth benefits from rise in UK and international equities". Financial Times. Retrieved 2017-12-22.
  2. ↑ Ali Hussain, Faith Archer and (2017-07-02). "March of the robo‑advisers". The Sunday Times. ISSN   0956-1382 . Retrieved 2017-12-22.
  3. 1 2 Bain, Iona (2016-05-28). "The rich and the march of the robots". The Times. ISSN   0140-0460 . Retrieved 2017-12-22.
  4. ↑ "City grandees back ex-Goldman partner's online wealth firm". Wealth Manager. Retrieved 2017-12-22.
  5. 1 2 Palmer, Kate (2016-05-21). "Gerard Lyons among City titans behind new 'robot' advisor to the rich". The Telegraph. ISSN   0307-1235 . Retrieved 2017-12-22.
  6. ↑ "When investing, beware of our bad habits". Evening Standard. Retrieved 2017-12-22.
  7. ↑ "Ex-banking bosses in the UK launch an online discretionary fund management service (via Passle)". Passle. Retrieved 2017-12-22.
  8. ↑ Palmer, Kate (2016-05-21). "Gerard Lyons among City titans behind new 'robot' advisor to the rich". The Telegraph. Retrieved 2018-07-05.
  9. ↑ "DFM appoints Bonham Carter as non-exec director". Investment Week. Retrieved 2018-07-05.
  10. ↑ Foster, Mike. "Ex-Goldman bankers back City's newest robo-adviser" . Retrieved 2017-12-22.
  11. ↑ Goldsmith, Courtney (2017-09-19). "Wealth manager Netwealth raises £10m in second funding round" . Retrieved 2017-12-22.
  12. ↑ "Bonham Carter backs launch of online discretionary manager Netwealth". investmentweek.co.uk. Retrieved 2017-12-22.
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