Proactive Investors - Run By Investors For Investors

IPO Wealth surpasses $50m and capitalises on shift away from banks

IPO Wealth (PRIVATE:IPO) managing director James Mawhinney speaks to Proactive Investors about the $50 million plus raised from Australian wholesale investors since the establishment of the IPO Wealth Fund in March of last year. 

"We've just recently achieved an excellent milestone, which actually occurred a lot sooner than we thought it would: we've now raised our 50 millionth dollar into the fund. We have, as of July this year, a 91% retention rate. So nine out of ten investors that park money with us - whether it's for a three, six or twelve month term - are actually rolling over for future terms... we put a really heavy emphasis on customer service,” Mawhinney says.

IPO Wealth will be building upon the success of its fund and strategy to date with geographic expansion into the markets of the European Union and the United Kingdom.

 
Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full IPOoo profile View Profile

IPO Wealth Timeline

Video
September 18 2018

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use