Chelton Wealth’s website claims that their company is an effective, intraday asset management firm.

The company is operating from cheltonwealth.com which was registered in February 2018.

Chelton Wealth is the trading name of quanify.ch, which is also offering asset management with minimum deposit starting $250,000.

Quanify.ch, which is the website of Quanify GmbH, was created in March 2019 and according to Alexa, the site is not popular.

It’s quite interesting to see that the incorporation of this company came much later after Chelton Wealth had operated its portfolio management service for at least 1 year.

It is also worth noting that this portfolio management service is operating from Switzerland and claiming to be regulated by FINMA.

My investigations show that this is not 100% correct. More on this later on.

For now, you can check out these highly recommended alternative trading and investing resources as voted by seasoned traders.

What does Chelton Wealth offer?

The company offers managed trading accounts or MAM in addition to a trade copier.

The company is teaming up or at least recommending that clients should open a broker account with one of the following brokers.

1.Advanced Markets UK Limited

2.Axi (UK) broker

3.Tier1FX

4.LMax Global

Depending on the broker that their clients choose, the company will accept a minimum deposit of $25,000, $50,000 or $100,000.

The company claims that they have experience that will enable them build, preserve or enhance existing wealth for their clients.

In addition to this, the company is offering investment advisory service and on-going personalized support which align with the goal of investors.

In terms of their trade copier, Chelton Wealth is accepting clients with a minimum deposit of $10,000.

They want to provide this trade copier as a quarterly subscription service.

Clients who can invest between 10,000 to €24,999 will pay €349 while those who want to deposit up to €49,999 will pay €474.

For clients with €50.000 and above, the subscription fee is €599.

That aside, the company wants to charge a one-time fee of €79.

This fee is supposedly going to cover on-boarding, compliance, VPS installation and account settings.

Chelton Wealth also claims that their trade copier program supports a wide variety of assets including Forex pairs, Indices and Commodities.

With regards to the time frame they use for their trading, the company claims that their traders utilize all time frames.

In my opinion, their trade copier service is way expensive. Traders can find trade copiers for less tan $20 per month.

Furthermore, the minimum deposit requested by this company is too high.

Even if investors felt confident to work with them, they would be discouraged right away, considering that this company does not show their performance records.

Trading strategy

Chelton Wealth claims that they are very transparent.

Because of this, I expect to see maximum transparency in the level of information they provide on their website.

The company is just randomly listing their trading strategies using fancy names with no quick description of how trading is done.

For example, they have Alternative I, Alternative II, Currency Alpha and so on.

They want us to get the fact sheet by contacting them so as to gain access to how these strategies work.

In my opinion, this information ought to be readily available on their website in the spirit of keeping up with transparency.

The regulatory front

The footer of this website provides us with some information concerning their regulatory standing with FINMA.

According to the information, Chelton Wealth is the brand name of Quanify GmbH, which is a company registered in Zug, Switzerland.

They further claim that Quanify GmbH is a member of the Association Romande des Intermédiaires Financiers (ARIF).

This is a self regulated organization which is apparently recognized by the Swiss-regulator FINMA.

Now, FINMA’s website provides some useful insights on self-regulated organizations, and it seems the goal is to cub money laundering.

This law only applies to financial intermediaries.

But it’s clear that Chelton Wealth in conjunction with Quanify are providing asset management while relying on a self-regulated license to create the impression that they’re regulated according to FINRA’s requirements.

By the way, FINRA is quite clear on who needs a license and who does not.

They state on their website that all asset managers involved in managing portfolio on a commercial basis must be authorized by FINRA to operate their service legally.

As it currently stands, Chelton Wealth does not hold the regulator’s license.

It is therefore an illegal investment service which can be considered unsafe to some extent.

What do clients of Chelton Wealth say?

The firm does not appear to have many clients yet, despite appearing on the web in February 2018.

However, I managed to get one feedback from a client who claimed that a fund manager (Robert Jan Teuwissen) made losses for the client, and citing excuses related to a “technical hitch”.

This feedback appeared on the FPA forum and as usual, company representatives will post their rebuttal to counter any claims made by users here, whether malicious or not.

I have not seen any feedback from their representatives, which could mean that either they don’t care about their reputation or the company is not monitoring what people say about them on the internet.

Conclusion

While Chelton Wealth appears to be a reputable and established company, their trust score is ruined by the fact that they’re not regulated.

The role of financial regulators is to protect the interest of investors by ensuring that asset managers are adhering to the established guidelines.

A company that does not have a license is definitely not fit to trust with huge amounts of money.

Furthermore, this asset manager claims that their trading performance is verified by a third party.

I would like to know which third party is auditing their results because the easiest way to prove this is by including a myfxbook link on their website.

When they address these concerns, I will definitely rewrite this review to reflect what has taken place.

However, for now I’m not recommending Chelton Wealth or their affiliated company, Quanify GmbH.