Allfunds, Spain-based independent wealthtech and fund distribution platform, announced on Friday its plans to launch Allfunds Investment Solutions, which is an investment outsourcing and sub-advisory B2B solutions platform for banks, wealth managers, and institutional investors.
According to Allfunds, 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 through 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. The wealthtech further revealed through the service, 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.”
Speaking about the service, Juan Alcaraz, Allfunds CEO added:
“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.”
Allfunds Investment Solutions is expected to be rolled out in the third quarter of 2020.