Spring IM has launched a digital investment management platform in the Channel Islands with the aim to make investment opportunities accessible for all islanders.
The Spring IM client platform gives customers access to their money at any time, as well as performance reporting. It also allows them to set up accounts that can be designated to their children, to help them develop their financial literacy.
The firm’s portfolios offer:
- Nine models across three risk profiles;
- Multiple currency options of British pound, US dollar and euro;
- Three additional passive models in British pound;
- Tax efficient investing for international clients, excluding any exposure to UK, US and French situs assets; and
- All funds held have HM Revenue and Customs (HMRC) reporting status.
‘Significant gap’
Founders Simon O‘Donoghue and Alfie Greenway said they set up Spring IM to address a “significant gap in the Channel Islands’ financial services market”.
The duo, who have more than 45 years’ experience in the sector, said they “recognised that there are many islanders who would like the opportunity to invest their money but wouldn’t qualify in terms of their ‘wealth’ with existing on-island wealth management firms”.
O‘Donoghue said: “We believe investment opportunities should be available for everyone. For too long investment management has been an exclusive service, not accessible for the vast majority of islanders.”
Greenway added: “We believe investing doesn’t have to be complicated. Through our digital process, we ask customers a few questions to find out what type of investor they are and match them with a strategy that specifically meets their goals, whether that’s to preserve their money or take greater risks to grow their nest egg.”
