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FundsNetwork™ is Fidelity International’s adviser platform that provides advisers and their clients with access to a range of investment and retirement related services. Launched in 2000, FundsNetwork has 20 years’ experience of helping independent financial advisers run efficient and profitable businesses, while serving the needs of their clients. The platform is committed to improving client experience at every stage of the advice process, through the development of platform capability which offers flexibility and efficiency to support changing needs.
The platform provides advisers with access to a broad set of product wrappers and investments, as well as enhanced administrative services.
FundsNetwork is a safe and stable choice for advisers looking for a platform that gets custody and administration right. While this may sound boring - platforms need to get the basics right and FundsNetwork usually do. The platform has been quietly focussed inwardly, upgrading its core platform technology and systems. It successfully completed a transition to Bravura's Sonata core platform technology early last year setting it up for scale and growth. It is one of the bigger adviser platforms but remains relatively quiet in the market. With the dynamic Jackie Boylan at the helm, we expect to see great things from FundsNetwork. They have some functionality to sort out (such as splitting fees for DFMs) but on the whole we think they're poised for growth. They have built APIs to integrate with Intelliflo and are the custodian behind Intelliflo's new discretionary portfolios. We aren't sure the portfolios will be a massive success but the integration is an indicator of FundsNetwork's ability to adapt and to try new things. FundsNetwork's pricing is also good and we hear their service is getting better. Watch this space.
£81.7bn in assets under administration. Data as at 30 June 2019.
Part of Fidelity International, a private, family owned business
Bravura Solutions (Sonata)
No integrations available for Cash Management
No integrations available for Cashflow Modelling
Capita Financial Software
Enable (Best Practice)
Intelligent Office (Intelliflo)
Plum Software (Praemium)
Prompt Capital Monitoring
Integrates One Way
Integrates Both Ways
FundsNetwork is making large steps to continue to evolve it's proposition and support the adviser community. It is one of the best model portfolio management systems around including using ETFs and Investment Trusts, which other platforms require re-balancing separately, creating horrendous admin issues. FundsNetwork also provides good reporting services and links with Morningstar Adviser Workstation to update valuations seamlessly. Good steps have been made to add the CGT tool, and there are plans to a improve the drawdown functionality. They could do with the ability to add 'Bed & Pension' which I know is coming down the line, but can't... read more come too soon.