Allfunds announces partnership with Rathbones, providing funds
dealing and distribution services
• Allfunds to act as exclusive provider of funds dealing and distribution
services to Rathbones Group Plc
• Latest evolution of the partnership will integrate the combined investment
management business of Rathbones Group and Investec Wealth &
Investment (UK)
• Partnership reinforces the role Allfunds plays in the UK wealth
management market as a partner for growth
Madrid / London, 10 September 2024 – Allfunds, a leading B2B WealthTech
platform for the funds industry, is pleased to announce its partnership with
Rathbones, a leading provider of individual wealth management and related
services to private clients, advisors, charities, trustees and professional
partners.
The partnership gives 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.
Tom Wooders, Regional Head, UK and Ireland at Allfunds commented: “We are
delighted to act as a strategic partner to Rathbones . As a result of transformative
shifts within the wealth management industry, it is crucial that companies have
access to tools and solutions that enable a better and more efficient service for
clients . We look forward to continuing our programme of close collaboration in
the coming months.”
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.