The services we offer
Discretionary investment management
Our core offering is a discretionary investment management service, where we invest money on your behalf.
Our online planning tools are designed to help you choose the right portfolios for each of your financial goals. We give you access to the tools and information to set your financial plan and choose the right Risk Level for you.
Our experienced portfolio management team then invest, monitor and manage a portfolio of investments in line with your chosen Risk Level.
Unless you opt to engage our Advice service, we do not provide you with a personal recommendation in relation to your choice of accounts or Risk Level. Our online platform provides clients with powerful investment tools to help plan for a variety of financial goals, including regular income, significant outgoings and pension drawdown.
Investments can be set up across different types of investment account, each with the ability to automate future tax efficient investing as required. Our multi-asset portfolios are globally diversified, giving us the tools to navigate financial markets while maintaining core allocations to equities and bonds. Portfolios are constructed with the aim of providing the desired market exposure whilst controlling the overall costs of investing.
We will typically use a core of passive funds and ETFs in order to help minimise attritional costs within portfolios; we also have the ability to take exposure to active funds and direct bond or equity investments when we feel these may provide the most appropriate exposure for clients.
Advice
Netwealth provides clients with the option of receiving financial advice specific to their financial needs. We have dedicated client advisers to discuss clients’ circumstances and goals, and to make recommendations for a financial plan and for the selection of appropriate investment portfolios. We can also review a client’s existing investments and provide advice on the most efficient ways to organise their financial affairs. If you elect to receive formal advice, this will typically comprise of:
i. A detailed review of your current financial circumstances.
ii. An understanding of your financial goals and priorities.
iii. An assessment of your willingness and ability to take investment risk.
iv. A detailed financial advice report containing clear recommendations relating to your investments.
Our advice is restricted to Netwealth’s services, and we do not provide independent advice on products available across the market.
We understand that the amount and nature of advice you need varies depending on your unique circumstances. Clients have the choice of receiving commissioned one-off advice or ongoing advice:
Commissioned one-off advice constitutes a one-time piece of advice relating to your circumstances and objectives at a given point in time. The scope of the advice will be agreed upfront with you and we will provide you with an estimate of the cost based on our hourly charge of £200 (including any applicable VAT). As the advice is one-off, there is no further ongoing monitoring or assessment carried out by the adviser following the delivery of the advice report and discussion with you, unless you specifically request further advice.
Ongoing advice constitutes the same initial advice recommendation report as under one-off advice, but the advice service is ongoing and as such will involve regular reviews of your financial plan and to help you meet your financial goals. At a minimum this will mean an annual financial review, but if your circumstances or needs change at any time you should let your adviser know so that they can conduct an ad-hoc review.
Ongoing advice is charged at a rate of 0.35% (including any applicable VAT) per annum on the value of your investment account at Netwealth, subject to a minimum of £1,000 per annum.
Netwealth does not provide tax or legal advice. If you would like tax or estate planning advice, or are unsure as to any aspect of financial, legal and tax in relation to your individual circumstances and requirements, you should seek advice from an independent financial adviser, tax expert or lawyer with the appropriate expertise.
You may find you don't need advice, but would still like to better manage your wealth. Check out MyNetwealth - it helps you track all your investments in one place and gives you detailed insights into how to meet your long-term goals.