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Tuesday, February 6, 2024

Robo-adviser opens moral MPS to adviser platforms

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Aviva-owned robo-adviser Wealthify has opened its Moral Managed Portfolio Service (MPS) to adviser platforms.

It has launched on Aviva’s adviser platform and can quickly be out there to all platforms.

The actively-managed moral MPS vary is out there throughout a spread of threat ranges and product varieties.

Wealthify didn’t disclose the value at which platforms would provide the MPS however stated the portfolios had been out there at a “low value” for the adviser and consumer.

Wealthify’s method to moral investing excludes 4 core ‘sin sectors’: weapons manufacturing, playing, tobacco and grownup leisure. It additionally appears to incorporate ‘megatrends’ that may ‘speed up the transition right into a sustainable economic system’.

The funding crew screens fund holdings constantly.

Simon Holland, chief product officer at Wealthify, stated: “We all know ESG is common with shoppers, and advisers are frequently being requested about moral investments, however the moral choices for advisers are sparse. By opening our Moral MPS as much as middleman platforms, we hope to provide advisers extra alternative in order that they’ll higher serve their consumer wants.”

“We look ahead to rolling this out to extra platforms sooner or later.”

Wealthify stated the growth builds on its present partnerships with Fintel and LGT Wealth Administration.

The robo-adviser teamed by with wealth supervisor LGT Vestra final yr to supply decrease wealth shoppers a low-fee digital funding possibility through a co-branded platform.  

Wealthify was launched by a tech entrepreneur and a Chartered Wealth Supervisor in April 2016 and purchased by Aviva in 2017. The service is out there on-line or through an app. Wealthify is an independently run subsidiary of Aviva.

Different current Aviva acquisitions embrace Monetary Planning and wealth administration agency Succession Wealth for £385m which is on monitor to finish within the second half of this yr.  


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