Financial services mutual Wesleyan has partnered with wealth management platform FNZ to make its Smoothed With Profits Fund available on more platforms.
Following the agreement, Wesleyan’s Smoothed With Profits Fund will be available on certain platforms supported by FNZ’s Q-Hub technology, enabling more advisers to incorporate it into diversified portfolios.
The fund is designed to sit on independent adviser platforms, offering daily pricing, daily trading, and daily smoothing.
Wesleyan’s partnership with FNZ will allow it to expand further across the UK platform market.
The mutual said the fund was the first of its kind to sit on an independent adviser platform when it was added to Wealthtime in 2021, and has since been made available on Nucleus Wrap and Aberdeen Wrap.
A recent study from Wesleyan and The Lang Cat found that advisers were using smoothed funds to help clients navigate complex and evolving market conditions.
It highlighted that almost two thirds (65%) of advisers agreed that smoothed funds helped to manage client concerns around risk and volatility.
“Closer collaboration between the platform and fund management industries is essential if more people are to benefit from smoothing,” commented Wesleyan managing director, intermediary distribution, Karen Blatchford.
“Our platform-native approach to fund design has helped us get onto more independent platforms than any other smoothed fund provider.
“This partnership with FNZ strengthens our position as a first mover in the space, and we’re looking forward to making smoothed funds available to more advisers as they support their clients to navigate volatility.”
FNZ group head of UK, Alastair Conway, added: “Our mission is to open up wealth by using cutting-edge technology to broaden access to high-quality investment solutions.
“We’re pleased to be supporting Wesleyan as it expands access to its smoothed fund through certain FNZ-powered client platforms.
“This partnership reflects our commitment to enabling greater investment choice and helping advisers meet the evolving needs of their clients.”
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