Downing Fund Managers, a division of Downing LLP, has become the latest client of investment platform, Third Financial.

As part of the initial phase of the partnership, Third will provide its technology and custody service to support Downing Fund Managers Alternative Investment Market (AIM) inheritance tax (IHT) business line, meaning it will administer around £100m of assets.

The parties indicated they are committed to exploring further areas of cooperation when the onboarding of this business completes this month.

Downing aims to provide diversification and independence of investment different to the mainstream and seeks to provide investment solutions and funds that allow investors access to mandates that do not follow the herd.

The investment house said that its latest move signals a commitment to stability and integrity while taking advantage of Third’s leading position in the investment platform market.

Head of Downing, Judith MacKenzie, commented: “As investment managers, we think a lot about risk – and our new partnership with Third represents our commitment to operational excellence and stability. It also provides us with Third’s excellent portfolio management system and a clear technological roadmap to address changing client needs and opportunities. We were particularly impressed with Third’s ability to deploy the platform and migrate all our clients and assets in a controlled manner and within a short time frame.”

Third’s Investment Platform service streamlines and automates operational processes and provides oversight of the entire investment lifecycle to better mitigate risks through one single system for all clients.

Group CEO at Third, Ian Partington, said: “To have earned the trust and recognition of a firm such as Downing means a great deal to us and we’re pleased to provide them with our market-leading technology, operations, and customer service to help them provide better outcomes for their clients.”

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