Challenger wealth manager Netwealth has reported another significant loss.

In its full year accounts to 31 March 2021, Netwealth made a pre-tax loss of £5,490,755.

This is a slight increase on the £5,463,620 loss reported a year earlier.

Despite this loss, the firm remains upbeat. Chief executive Charlotte Ransom said Netwealth grew “significantly” during the year and its product and service offering still resonates with its target clients.

Revenues ...