Allfunds (AMS:ALLFG), a B2B WealthTech platform for the funds industry, has partnered with Rathbones, a provider of individual wealth management and related services to private clients, advisors, and more.
The partnership is expected to provide Rathbones the ability “to deal and trade products through a single portal, streamlining and improving the service for Rathbones’ clients.”
It was initiated in 2023, with Rathbones’ international subsidiary “using Allfunds for funds dealing and distribution and benefitting from access to Allfunds’ universe of over 140,000 funds.”
Building on the success of the initial migration to the Allfunds platform for Rathbones Investment Management International, the partnership “has now evolved to also encompass the combined investment management business of Rathbones Group and Investec Wealth & Investment (UK) across both their international and UK-domestic investments.”
The partnership has contributed to Allfunds’ recent strong performance “in the UK – a critical market for the global business – and has helped drive the company’s assets under administration (AuA), which surpassed €100 billion in April 2024.”
As noted by its management, Allfunds claims that it is “one of the leading B2B WealthTech platforms for the funds industry, offering fully integrated solutions for both Fund Houses and Distributors.”
Allfunds has built and continues to “evolve an ecosystem that covers the entire fund distribution value chain and investment cycle, with solutions including dealing and execution, data and analytics tools, RegTech, ESG screening, and portfolio monitoring.”
Allfunds spans the globe with 17 offices covering “all major financial markets, with assets under administration of €1.4 trillion, representing more than 3,100 fund groups and working with over 890 distributors in 63 countries.”
