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 investment team which includes ; chief economic strategist , Gerard Lyons , and former senior execs from JP ##fair , Julius Baer , Schroders , and UBS Asset Management . Similar to Nutmeg and Moneyfarm the start - up uses tracker funds and ETFs to provide investors with a portfolio of investments to match investment profiles determined by algorithms , but targeting a more specific market segment , with £ 50k minimum investment . Designed to promote cross - generational savings , Netwealth also enables family and friend networks to invest in separate portfolios but benefit from paying fees calculated on the overall investment of the group , with the all - in yearly fee falling from 0.65 % to 0.35 % for investments over £ ##500 . The company has attracted £ 6.5 m from angel investors including Jupiter Fund Management 's Edward Bonham - Carter , Betfair co - founder Edward Wray , Harvey McGrath ( former chair of Man Group and Prudential ) , co - founder of Leonteq , Michael Hartweg , and Merryn Somerset Webb ( editor - in - chief at MoneyWeek ) .
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 the start-up uses tracker funds and ETFs to provide investors with a portfolio of investments to match risk profiles determined by algorithms, but targeting a more specific market segment, with £50k minimum investment. Designed to promote cross-generational savings, Netwealth also enables family and friend networks to invest in separate portfolios but benefit from paying fees calculated on the overall investment of the group, with the all-in yearly fee falling from 0.65% to 0.35% for investments over £500k. The company has attracted £6.5m from angel investors including Jupiter Fund Management's Edward Bonham-Carter, Betfair co-founder Edward Wray, Harvey McGrath (former chair of Man Group and Prudential), co-founder of Leonteq, Michael Hartweg, and Merryn Somerset Webb (editor-in-chief at MoneyWeek).