Charles Stanley to use Allfunds platform

UK wealth manager Charles Stanley, one of the oldest companies listed on the London Stock Exchange, has selected Allfunds to provide a platform to help it serve the UK market.

The company said it had made the choice partly on the basis of Allfunds ability to offer segregated accounts, a feature it says is “an increasingly important feature for UK wealth managers”.

Christopher Aldous, head of Distribution, Charles Stanley, said: “We are confident that this partnership with Allfunds will benefit not only Charles Stanley but intermediaries and their clients as well. We are continually looking to enhance our client offering and will be introducing a number of other measures throughout the coming year.”

Simon Shapland, Allfunds head of UK and Ireland said: “It is becoming increasingly clear that the more we can do to provide wealth managers with the tools to undertake business simply, and in a secure and safe environment, the more we are meeting with success. We are particularly pleased that Charles Stanley has recognised the growing important of segregated accounts because we have seen growing demand for solutions which provide greater transparency in areas of increasingly complex regulation. Also, and of great importance in a tough trading environment, our approach to segregated accounts offers wealth managers the opportunity to grow their businesses in a scalable way.”

Allfunds claims £145bn (€185bn) assets under administration, with 43,000 funds from 462 fund managers on its platform.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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