New IFA firm offering online investment platform and discretionary services
RockWealth LLP, the Cheltenham-based IFA firm, today announced it is open for business. Following FCA approval in February, the firm’s website is now live providing clients with a choice of online investment and discretionary wealth management services. At launch the firm will manage over £10m funds under management on behalf of 100 clients.
Wealth Management Client Service – fee-based, face to face advice
Face to face financial planning and wealth management with a focus on providing independent, whole-of-market advice, completely tailored to client’s needs. These clients receive ongoing advice with regular portfolio reviews and personalised reports as well as direct access to the
True Potential online wealth management technology with sophisticated planning and charting capabilities. Hourly client fees range from £75/hour for support staff through to £225/hour for a senior partner.
Investment Client Service – RockWealth Investment Platform online via www.rock-wealth.co.uk
RockWealth’s new investment management platform offers clients access to over 5,000 investment funds and exchange traded funds – supported by several leading DFMs including Brewin Dolphin, Brooks Macdonald, Rowan Dartington, Quilter Cheviot and Investec. RockWealth’s investment clients will be able to purchase discretionary fund manager (DFM) run portfolios in ISAs and general investment accounts (GIAs). These will be managed by a selection of DFMs that RockWealth selects and each has access to research capabilities and the capacity and discretion to make the necessary changes to a portfolio as and when economic conditions and fund performance dictate.
A range of five risk rated portfolios as well as a moderate risk ethical portfolio will be available, all with zero switching or trading costs.
Tim Horrocks, managing partner, explains:
“Our investment clients can be secure knowing that the risk of their chosen portfolio will be carefully managed with regular rebalancing. We are not offering a fund supermarket or pure DIY option. It's a case of you want to invest but you don't have the expertise to choose funds. You select your risk profile and leave the asset allocation, fund picking, ongoing research, switching etc to the experts. Overall we think you'll achieve better results with less volatility for a given risk without the headache of making investment decisions in what is a difficult economic climate.
“What makes us different is that clients using RockWealth’s online service get access to all the benefits of full discretionary fund management with regular rebalancing at a cost that is easily accessible to a more average investor”.
The RockWealth online investment service and website is available at
www.rock-wealth.co.uk For up to date news please follow the social media updates via @rockwealthuk (twitter), linked-in and facebook company pages.
