Netwealth is an online discretionary provider with financial planning tools to help investors. Customers can also access full financial advice. A very broad range of accounts is available and offered in pounds, dollars and euros. To get started investors choose their investment objective, account type and risk level. The app doesn’t help investors define their attitude to risk, but it sets out who each risk level is suitable for with examples of returns and full details of holdings.
Netwealth is all about networks. Once an investor has committed the minimum investment, they can invite up to 7 people to join their network. Joining the network drops the minimum investment to £5,000 and fees are charged on the total network portfolio amount, allowing everyone in the network to benefit.