InvestYourWay, a discretionary investment manager, has teamed up with IG Group to launch the next generation of its investment platform.
The new restructured offering will enable clients to create investment portfolios based on their desired risk profile as well as pick specific investments, according to Financial News.
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Under the partnership, IG Group has integrated the InvestYourWay service into its online trading platform.
The partnership will see InvestYourWay making its investments through contract for differences from IG Group that has no margin charges and small trade sizes.
Additionally, InvestYourWay’s platform will enable users to share the structure of their bespoke portfolios, allowing other investors to create similar portfolios.
The online investment platform, InvestYourWay, was founded by Jack Vensel, former head of Citigroup’s European electronic trading franchise, and Michael Newell, former European head of business development for Bats and IS backed by Bats Chi-X chief executive Mark Hemsley and Steve Swanson, the former global co-head of electronic trading at Citigroup.
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By GlobalDataMichael Newell, CEO of InvestYourWay, said: "Clients wanted a more personalized offering. Longer term people will want optionality. Every fund has a sharing key, so you can share that fund with someone, and they can have the same fund configured."
IG Group is a UK-based provider of contracts for difference (CFDs) and financial spread betting.
