British wealth manager Charles Stanley has selected Spain-based mutual fund platform Allfunds as its funds platform provider.
The company made this decision based on Allfunds ability to provide one legal agreement for fund transactions on its platform.
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In addition, Allfunds also has the ability to provide segregated accounts, an important feature for the UK’s wealth managers.
Charles Stanley head of distribution Christopher Aldous 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."
Allfunds head of UK and Ireland Simon Shapland said: "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.
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By GlobalData"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."
Allfunds currently has more than £145bn in assets under administration.
