Allfunds launches new B2B sub-advisory platform as well as investment outsourcing solutions to banks, wealth managers and institutional investors
Allfunds aims to become the leading B2B sub-advisory platform in Europe
This announcement comes after the appointment of new CIO, Stéphane Corsaletti, earlier this year
Allfunds, the leading independent wealthtech and fund distribution platform, has announced plans to launch an investment outsourcing and sub-advisory B2B solutions platform for banks, wealth managers and institutional investors. This new platform branded “Allfunds Investment Solutions” will be rolled out as of Q3.
The new service will operate as a separate business unit to be run by a Luxembourg Management Company in the future. Allfunds initial fund of mandates’ offering will be launched via a Luxembourg SICAV and will include up to 20 long-only strategies, managed by the world’s largest fund houses as investment managers, selected by Allfunds. This will allow clients, banks, wealth managers and institutional investors, to invest in the SICAV strategies as the master solution for their respective needs, at the same time allowing asset managers to take advantage of an additional gathering channel for their strategies. Alternative and illiquid offerings will be made available in 2021.
This is a natural evolution of Allfunds´ business model as the wealthtech has invested in boosting its investment services through digital capabilities. Through this new service offering, clients will be able to take full advantage of the digital tools available through Allfunds Connect, in particular Nextportfolio as a front-to-back Portfolio Management System, with content coming from Digital Selector.
Allfunds has identified the need to support its clients’ requirement to optimise their open architecture programs and to outsource part of their investment value chain – from portfolio construction to full implementation - in the current market and regulatory context. On the fund house side, these services will continue to help asset managers navigate the distribution landscape.
With this new service, Allfunds will provide clients a one-stop-shop to access the asset management industry. This will allow for greater flexibility in manager selection as well as improved data collection and monitoring.
Stéphane Corsaletti, CIO, is leading a team of c30 investment professionals to bring this offering to the market. The current team, with a solid international presence and strong governance, will be further enhanced with new profiles bringing product management as well as multi-asset/multi-manager portfolio expertise.
Juan Alcaraz, Allfunds CEO said,
““We are delighted to announce our plan to create Allfunds Investment Solutions and to offer a sub-advisory B2B platform to our clients. Allfunds has always been close to our clients and we understand the new challenges they face in today´s market. Allfunds is ideally placed to offer such solutions at a large scale and in an efficient way, offering independence from both the distribution and manufacturing side.””
Founded over 20 years ago, Allfunds has evolved into one of the world’s leading wealthtech and fund distribution companies with a service offering which includes data & analytics, trading & execution services, portfolio & reporting tools, research and regulatory solutions. Additionally, Allfunds offers its technology solution “Connect”, a digital ecosystem to bring together fund houses and distributors.
Today Allfunds has more than €620 billion assets under administration and offers more than 89,850 funds from over 1,695 fund houses. Allfunds has a presence in Spain, Italy, Luxembourg, Switzerland, United Kingdom, United Arab Emirates, Singapore, Chile, Colombia, Brazil, Sweden, France, and Hong Kong and has agreements with over 690 distributors, including major commercial banks, private banks, insurance companies, fund managers, international brokers, and specialist firms from 51 different countries
1- Allfunds Investment Solutions management company is still to be incorporated and registered with the CSSF in Luxembourg, this is designed to happen in 2021
2- The SICAV will be launched in a first phase using a third-party Management Company
Global Head of Corporate Communications
Tel: +34 91 274 64 00