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Wealthtime to launch new service

Wealthtime has announced that it is to create a Wealthtime Private Client Service that will include Sipp and wrap options in October.

The launch has been triggered by Jan Regnart, chief executive at the firm who believes that high net worth clients would be far better off with a Sipp and wrap provider that charges flat fees.

By switching high net worth clients over to the flat fee basis it is thought that there would be considerable savings compared with the traditional percentage of fund charge favoured by many providers.

Commenting Regnart, says: “When setting up Wealthtime one of my key objectives was to adopt a simple flat fee charging structure that truly reflected the cost of the administration service rather than simply charging what we thought the customer could bear”.

This service will launch in October.

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