Netwealth Expects Independent Financial Advice Firms Acquisitions for Growth Strategy

Fazzaco learned that Netwealth, a UK-based wealth management company, plans to acquire  potential suitable independent financial advice firms for its long-term growth strategy. Besides, it considers strengthening investments in technology and expanding its existing suite of wealth planning instruments.

Netwealth was launched by Goldman Sachs former partner Charlotte Ransom and former managing director of JP Morgan, Thomas Salter in 2016. The value of its assets under management has seen an increase of over 50% yearly since 2016, and expects to reach £5bn by the end of 2025.

Wanna Know How to Reach Our Audience of Millions at Fazzaco?

Previously, Netwealth has achieved £38m across four fundraising rounds, and closed the most recent round in March, for the purpose of supporting organic growth and future acquisitions.

“Netwealth has achieved a phenomenal amount over the past five years. I am hugely proud of the team and grateful to everyone who has supported our journey to date. However, I strongly believe that we are only just getting started with our transformation of the wealth management industry; the best is yet to come,” said Charlotte Ransom, CEO, Netwealth.

 “Over the next five years we will continue on our mission to become a leading provider of wealth management in the UK, providing the best possible service for our clients and continuing to raise the bar for the rest of the industry,” she added.