UK financial services mutual company Wesleyan has partnered with FNZ to make its Smoothed With Profits Fund available on more independent platforms.
FNZ, a global, end-to-end wealth management platforms company, partners with over 650 of global financial institutions and more than 12,000 wealth management firms.
Following the agreement, Wesleyan’s Smoothed With Profits Fund will soon be available on certain platforms supported by FNZ’s Q-Hub technology.
Wesleyan’s Smoothed With Profits Fund is offers daily pricing, daily trading and daily smoothing to give advisers and their clients instant access to the information they need.
The partnership with FNZ will enable Wesleyan’s further expansion across the UK platform market, Wesleyan said in a statement announcing the deal.
Karen Blatchford, managing director, intermediary distribution at Wesleyan, said: “Closer collaboration between the platform and fund management industries is essential if more people are to benefit from smoothing.
“Our platform-native approach to fund design has helped us get onto more independent platforms than any other smoothed fund provider. This partnership with FNZ strengthens our position as a first mover in the space, and we’re looking forward to making smoothed funds available to more advisers as they support their clients to navigate volatility.”
Alastair Conway, group head of UK at FNZ, said: “At FNZ, our mission is to open up wealth by using cutting-edge technology to broaden access to high-quality investment solutions. We’re pleased to be supporting Wesleyan as it expands access to its smoothed fund through certain FNZ-powered client platforms. This partnership reflects our commitment to enabling greater investment choice and helping advisers meet the evolving needs of their clients.”
The partnership with FNZ will enable Wesleyan’s further expansion across the UK platform market, Wesleyan said
