PIMFA
2 May 2024
Fintech Know Your Funds ties with Propelle for Best in Show at Morningstar Investment Conference
- PIMFA WealthTech selected fintech’s impresses delegates with anti-greenwashing solution
Fintech solution Know Your Funds – one of two fintech’s selected by PIMFA WealthTech to present to delegates at the Morningstar Investment Conference yesterday (1 May 2024) – has been named Best in Show alongside fellow fintech Propelle by delegates.
PIMFA WealthTech, the market network and technology platform supported by principal strategic partner Morningstar, a leading provider of independent investment insights, has selected the Know Your Funds and fellow fintech, Instinct Digital Ltd, to present to wealth management delegates in the early breakfast session at the Morningstar Investment Conference following a competitive ‘Tech Sprint’ and were among 12 fintechs demonstrating their solutions to around 70 delegates from the wealth management and advice industry. Both Know Your Funds and Instinct Digital Studio gave impressive presentations of their solutions’ capabilities, which are focused on Environmental, Social and Governance (ESG) reporting, verification and disclosure processes in the sustainable finance sector.
Know Your Funds won over delegates with its solution that enables wealth managers to drill down into ESG funds at a granular level enabling them to truly interrogate the investment fund and fully understand what assets it contains, thereby enabling them to align investments with their client’s values.
Instinct Digital Ltd also impressed delegates with its digital reporting solution for fund and client reporting, while Propelle, which was also named ‘Best in Show’ showcased its digital solution focused on female investors.
Richard Adler, Chief Commercial Officer at PIMFA and Director of PIMFA Wealthtech, commented: “I’m delighted that Know Your Funds and Instinct Digital Studio were able to attend the Morningstar Investment Conference and showcase their technology solutions to so many from the wealth management industry.
“That Know Your Funds was among the fintechs named ‘Best in Show’ demonstrates why we at PIMFA WealthTech along with our strategic partners Morningstar have undertaken the ‘Tech Sprints’ that we have. Not only do the ‘Tech Sprints’ seek to address issues that are important to the wealth management industry, but they help to create the kind of connections we hope we can continue to develop between the fintech industry and our own. This has always been one of the fundamental drivers behind creating PIMFA WealthTech and I look forward to continuing to build those connections in the future.”
Anastasia Georgiou, Director of Client Solutions, Adviser Segment, EMEA, Morningstar, commented: “It was fantastic to include our PIMFA ESG Challenge winners: Know Your Funds and Instinct Digital Studio at the Morningstar Investment Conference yesterday. It’s great opportunity for them to speak directly to the adviser sector and demonstrates the importance of our partnership with the PIMFA WealthTech team. We look forward to continuing our work together in the future.”
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About PIMFA WealthTech
PIMFA WealthTech is part of the Personal Investment Management & Financial Advice Association (PIMFA), the trade association for the wealth management, investment services and the investment and financial advice industry, spanning 13,000 regulated firms that collectively manage the interests of almost £1.7trillion.
It believes that collaboration is essential to solving industry challenges and brings together senior industry decision-makers to address the most important and complex questions concerning technology focus, partnering and adoption as it applies across the value chain.
Our market network and technology platform has been created to bring the most innovative and relevant WealthTechs to our sector. Our teams work alongside leading financial institutions to identify, prototype and deliver enhancing technologies and breakthrough solutions that generate competitive advantage and business impact.
Further information can be found at pimfawealthtech.com
About PIMFA
About PIMFA – the Personal Investment Management & Financial Advice Association
- PIMFA is the trade association for firms that provide wealth management, investment services and the investment and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
- The sector currently looks after £1.7trillion in private savings and investments and employs over 63,000 people.
- PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families to charities and pension funds, all the way to trusts and companies. Associate members provide professional services to the PIMFA community.
- PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
- PIMFA has made numerous recommendations to the FCA regarding the Future of Advice, the Future of Supervision and the FSCS levy – read more.
- PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.
- Further information can be found at pimfa.co.uk
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, , including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $294 billion in assets under advisement and management as of Mar. 31, 2024. The Company operates through wholly- or majority-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on X @MorningstarInc.
NOTES TO EDITORS
About PIMFA – the Personal Investment Management & Financial Advice Association
- PIMFA is the trade association for firms that provide wealth management, investment services and the investment and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
- The sector currently looks after £1.65 trillion in private savings and investments and employs over 63,000 people.
- PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families to charities and pension funds, all the way to trusts and companies. Associate members provide professional services to the PIMFA community.
- PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
- PIMFA has made numerous recommendations to the FCA regarding the Future of Advice, the Future of Supervision and the FSCS levy – read more.
- PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.
- Find out more about PIMFA’s Diversity and Inclusion work – read more
- Further information can be found at pimfa.co.uk
Contact
For further information on this release or other press matters please contact:
Matthew West, PIMFA PR Manager – MatthewW@pimfa.co.uk, +44 (0)20 7382 0376 .
Sheena Gillett, PIMFA Communications & PR Director – sheenag@pimfa.co.uk, +44 (0)20 7011 9869.
