Robo-adviser Fundment launches personal pension plans

By Moriah Costa on 18th September 2017

Robo-AdviceEquity Crowdfunding

The B2B platform will enable advisers to invest their clients’ assets in a Self-Invested Personal Pension.

 Robo-adviser Fundment launches personal pension plans

The B2B platform will enable advisers to invest their clients’ assets in a Self-Invested Personal Pension.

Independent Financial Advisers can now invest their clients’ money into a pension with ease.

B2B automated wealth management firm Fundment is adding SIPPs to its list of products available to clients.

The SIPP will be administered by pension provider Liberty SIPP. The automated system means IFAs can advise clients in less than 10 minutes.

‘’We are delighted to be able to give IFAs access to a low cost, high quality SIPP as part of the Fundment offering,” said Ola Abdul, CEO and founder of Fundment. “By adding a SIPP to our platform we’ve given advisers another powerful tool that will enable them to provide more people with high quality retirement advice, backed by the power of technology.’’

The firm, which calls itself a “robo killer,” helps wealth managers and Independent Financial Advisers fight back against the rise of automated wealth management platforms. The company allows advisers to assess client risk profiles and invest assets through an inbuilt discretionary fund manager.

John Fox, managing director of Liberty SIPP says Fundment was a natural partner for Liberty “as they share our drive to offer a simple, transparent and efficient product that drives down costs and empowers advisers.”

Clients of the SIPP product will be able to hold a wide range of asset classes and will be able to view their pension pot’s valuation and performance through Fundments online platform. The SIPP has a sliding cost scale, with funds under £50,000 being charged 0.35 per cent per annum. Funds up to £150,000 are charged 0.25 per cent while anything over £150,001 will only cost 0.20 per cent per annum.

Founded in 2014, Fundment received FCA authorisation in April 2016 and has been live since February of this year. 

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