Planet of Finance (PoF), a Monaco-based online wealth network, has introduced a new service that will connect private investors with wealth managers and financial advisers.

The new web-based service, dubbed Pitch Room, aims to make it easier for investors to compare fees and services while driving down costs of customer acquisition for professionals.

Investors across the world will have to answer a few questions about their investable assets to find the next wealth manager, who will then pitch for their business all online.

PoF founder Olivier Collombin said: “We established Planet of finance to empower investors to make smarter choices about how to manage their money and to make it easier for professionals to grow their businesses. Pitch Room is an exciting development in our mission to democratise the wealth management landscape.”

PoF offers access to wealth managers across 61 nations with $976bn assets under management.