Ireland is set to be the first country to launch a wealth management service that offers an alternative to banks’ traditional approach of issuing bonds and investing in businesses.
Dublin-based JPM Wealth Management will offer a wealth planning tool that allows investors to view their financial situation and make decisions on the future.
Its chief executive, Brian Duffy, said the service, which is currently being trialled in the city, was a response to the changing banking industry.
He said the company wanted to “help our clients manage their money” to help them achieve their financial goals.
“It’s the first time we’ve been able to offer this kind of service, because the traditional way of managing assets is not very useful,” he said.
“In some ways it’s a little bit like the market, it’s the old-school way, where people have to have a good time to achieve their goals.
The new way is very different.
It’s not like a lottery.
It doesn’t offer a guarantee.
You can’t know if you’re going to get a good return or a bad return, it doesn’t help you with that.
You have to make choices.
The service will be free to users, who will receive a phone number, a list of financial institutions they can contact and advice on how to create and manage their own accounts.
Mr Duffy said the aim was to help the “most vulnerable people in Ireland” to get ahead.
He added that the service could be used by anyone who has “a little bit of cash”.”
It could be for anyone who wants to get into a private equity business or start their own business, or even for people who want to invest in their home or their property,” he told the Irish Times.”
We think it will be really beneficial to people who are struggling.
“He said that the wealth management tool would help people “make a choice” between their current financial situation, “and a different path”.”
They will have a little more independence, they will have the freedom to decide what they want to do with that money,” he added.
The company, based in Dublin, has also teamed up with TD Securities, a private investment fund, to offer a banking solution that will allow people to create accounts and invest in the property and business sectors.”
The firm has been operating in Ireland since it was founded in 2015 and has over 1,500 clients.”
We believe that by making people more independent, they can create a more efficient, more productive, more successful business and financial sector.”
The firm has been operating in Ireland since it was founded in 2015 and has over 1,500 clients.
Its customers include banks, retail, investment, property, and a variety of small businesses.
In addition to the Dublin office, JPM has offices in Galway, Dublin and Waterford.
The Dublin office is open from 7am to 8pm weekdays and from 8am to 7pm weekends.
Mr Wright said the firm would be “working with TD on a pilot scheme” for Ireland.