Independent wealth-tech and fund distribution platform Allfunds has announced that its sub-advistory platform, Allsolutions, will begin operations next month.
The Allsolutions service is part of Allfunds’ broader client offering, aimed at delivering wealth-tech solutions to optimise systems, navigate market complexities and access solutions to meet their needs.
Allfunds will onboard the first iteration of strategies for the sub-advisory offering, following approval from the Luxembourg regulator (CSSF).
With the onboarding of the first strategies, Allsolutions will open its operations during the course of May and the offer will initially consist of twelve mandates covering the primary asset classes and managed by some of the largest fund houses.
The firm expects that clients will benefit from a one-stop-shop to access the sub-advisory marketplace, allowing them greater flexibility in implementing such a sophisticated technique. Allfunds designed the strategies with the aim of providing fund of fund managers and discretionary portfolio managers a different set of building blocks to optimise their portfolios. It will give banks and wealth managers a solution for running their open architecture programs through mandates.
It also believes the platform reaffirms its commitment to providing easy and efficient access to open architecture.
Seven of these strategies will have an ESG focus. This is consistent with Allfunds’ commitment to sustainability, which includes adhering to the principles for responsibility investing, a United Nations initiative to foster the development of a more sustainable global financial system.
The B2B solution is not available to a final investor offering.
Following the initial launch, Allfunds will introduce 18 complementary strategies to the platform in the third quarter of 2021. Of these strategies, a further 14 will also focus on sustainability. This will bring the total number of available strategies to 30.
Juan Alcaraz, chief executive officer of Allfunds, said: “We are pleased to extend our services, offering clients access to a selection of exclusive mandates expertly managed by some of the world’s largest fund houses. Through Allsolutions, our aim is to continue to evolve the Allfunds infrastructure allowing for efficient access to open architecture whilst sticking to our B2B business model and never selling to end clients.