PlatformMay 17 2017

Allfunds puts ETFs on platform

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Allfunds puts ETFs on platform

Allfunds is to provide access to exchange traded funds on its fund platform, giving institutional wealth managers access to them in an integrated way.

The group, which is Europe’s largest fund platform, said that it would provide wealth managers with a “more simplified process to enable them to offer ETFs and mutual funds to the end client.

The platform will allow fractional dealing, meaning that consumers can buy small amounts of ETFs in savings schemes.

ETFs, which can be a cheaper way of accessing the performance of different markets across the globe, are growing in popularity.

However, advisers have said it can be difficult to access them for their clients on the platforms that they usually use.

Adviser David Stealey, from Romilly Financial in Penarth, said initiatives like this one would make a difference.

He said: “I would like to be able to use ETFs but we struggle to get the access to them from providers.

“The FCA is keen that we know about them, and I think we should be learning more and offering them to our clients.”

rosie.murray-west@ft.com