Digital wealth platform Endowus has formed a partnership with funds platform Allfunds to scale up client access to more investment products.
Endowus and Allfunds have formed a partnership in Hong Kong to build a «new, fully integrated and automated digital fund brokerage platform», according to a statement.
«This partnership with Allfunds has enabled Endowus to expertly curate and swiftly onboard investment funds from a large universe of fund houses available on the Allfunds platform, bypassing the onerous process of negotiating individual distribution agreements with each fund manager,» the statement added.
«This streamlined digital process reduces the lengthy onboarding procedure involving due diligence and operational set-ups, to achieve business velocity and scalability.»
Expanded Shelf
Following integration with the Allfunds platform, Endowus clients will have access to over 160 curated funds managed by 50 global managers across asset classes in both public and private markets.
«We are delighted to be partnering with Endowus in Hong Kong, providing them with the agility to add new fund products to their distribution shelves in a rapid, compliant and cost-effective way,» said Allfunds head of Hong Kong Sebastien Chaker.
Allfunds is a digital funds platform with an ecosystem that covers the entire fund distribution value chain and investment cycle, with solutions including dealing and execution, data and analytics tools, portfolio monitoring and more. Today, it has 17 offices with nearly 1.3 trillion euros ($1.4 trillion) in assets under administration from over 3,000 fund groups and 860 distributors in 62 countries.
