Charles Stanley on AllFunds platform 12 February 2016London Reporter: Stephanie Palmer
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Charles Stanley, a UK wealth management company for private investors and financial institutions, has appointed AllFunds as its platform provider.
The mandate was reportedly based on AllFunds’s commitment to the UK marketplace and its ability to provide a single legal agreement for processing transactions for a large amount of funds.
It can also provide segregated accounts, a feature that Charles Stanley considers increasingly important for UK wealth managers.
Christopher Aldous, head of distribution at 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, head of Allfunds for the 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.”
Charles Stanley also offers wealth management services to professional institutes, national charities and trusts.
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