Wesleyan’s With Profits Growth Fund is now available to advisers on abrdn’s Wrap platform.
Wesleyan’s fund is the first smoothed With Profits fund on abrdn’s platform, allowing advisers to incorporate it easily into diversified portfolios and serve more clients with a greater variety of needs.
The fund is designed to sit on independent adviser platforms, and joins more than 4,000 mutual funds from more than 180 fund managers on abrdn Wrap.
Karen Blatchford, Managing Director, Intermediary Distribution at Wesleyan, said: "The launch of our With Profits Growth Fund on Wrap means that it is now available on more independent platforms than any other smoothed With Profits fund.
"We’re proud to be partnering with abrdn and will continue to be a first mover in this space, with continued innovation and investment in making smoothed With Profits as accessible as possible in the platform era at the heart of our approach."
The Wesleyan With Profits Growth Fund has a track record of delivering consistently healthy returns, investing in a range of asset classes to diversify risk and applying a smoothing mechanism, reducing the impact of short-term price fluctuations.
It offers daily pricing, daily trading and daily smoothing, so advisers using abrdn’s Wrap can get the instant information they need and clients can access their investments immediately.
Russel Bignall, Managing Director at abrdn, added: "We’re pleased to announce the addition of the Wesleyan With Profits Fund on abrdn Wrap. It’s all part of our work to offer advisers and their clients greater investment choice on our platform. We are committed to making things simple for advisers, with support they need and the solutions that deliver."
In April, Wesleyan won the Financial Services Innovation Award at the FS Tech Awards in recognition of the With Profits Growth Fund’s platform-first design and unique smoothing mechanism.
As a global investment company, abrdn’s adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and clients.