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...
A new robo-adviser launched in the UK in May, targeting professionals who are “underinvested or unhappily invested.” Netwealth was founded by former Goldman Sachs wealth boss, Charlotte Ransom, and ex-JP Morgan MD, Thomas Salter, with a senior management team which includes; chief economic strategist, Gerard Lyons, and former senior execs from JP Morgan, Julius Baer, Schroders, and UBS Asset Management. Similar to Nutmeg and Moneyfarm RoboAdvisor, it is based on artificial intelligence (AI) technology that can analyze data collected through its own proprietary algorithms and then make recommendations for clients using machine learning techniques.