Charles Stanley appoints Allfunds Bank as its Platform Provider

Wealth manager Charles Stanley chooses Allfunds as its funds platform provider.

Charles Stanley is one of the oldest firms on the London Stock Exchange. Today, it is one of the leading wealth management companies in the UK dedicated to servicing private investors. The business also acts for many national charities, trusts, professional institutes and major financial institutions.

Charles Stanley was attracted to Allfunds not only due to its international standing as market leader but also because of the platform provider’s commitment to the UK marketplace. In addition, Charles Stanley was impressed by Allfunds’ ability to provide a single legal agreement for transacting the huge number of funds on its platform. Allfunds also has the ability to provide segregated accounts, an increasingly important feature for the UK’s wealth managers.

Christopher Aldous, Head of Distribution, Charles Stanley, said:
“We are confident that this partnership with Allfunds will benefit not only Charles Stanley but intermediaries and their clients as well. We are continually looking to enhance our client offering and will be introducing a number of other measures throughout the coming year.”

Simon Shapland, Allfunds Head of UK and Ireland said,
“It is becoming increasingly clear that the more we can do to provide Wealth Managers with the tools to undertake business simply, and in a secure and safe environment, the more we are meeting with success.

“We are particularly pleased that Charles Stanley has recognised the growing important of segregated accounts because we have seen growing demand for solutions which provide greater transparency in areas of increasingly complex regulation. Also, and of great importance in a tough trading environment, our approach to segregated accounts offers Wealth Managers the opportunity to grow their businesses in a scalable way.”