The past 12 months have seen massive changes for the team at Responsible Wealth. Now a fully-fledged independent firm, it moved away from being restricted after cutting ties with advice giant St James’s Place.

The move meant director Simon Bray and his team had to remodel the firm’s whole proposition to suit its wide range of client needs. They have moved away from active investment management and are now relying on using passive tracking portfolios as well as focusing on companies that meet ESG credentials using platform Defaqto’s technology.

The team is keen to create a virtual office and is reducing its carbon footprint through more online client meetings. It also aims to become a climate-positive workforce as soon as possible.

Bray also recently scrapped the firm’s percentage fee model, and its clients are supportive of the change to paying non-contingent fixed fees on the advice they receive.

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