Allfunds Bank, S.A. is a WealthTech company offering services to fund houses and distributors. These services include dealing and execution, data analytics, reporting, portfolio tools, ESG advisory, and custom software solutions.

Allfunds Bank

Allfunds provides an ecosystem that aims to be a one-stop shop with functionalities, dealing services, tech, and digital tools.

Overview

Allfunds connects financial institutions and provides digital solutions for the fund distribution value chain. The company's services cover fund distribution, data and analytics, investment solutions, blockchain solutions, ESG solutions, and tech solutions. Allfunds serves the global community as a source for WealthTech products and accessible service and support.

History and Key Developments

Allfunds was established in 2000. They opened a UK branch in 2005 as part of a strategic expansion across Europe. Shares are listed on Euronext Amsterdam under the ticker symbol ‘ALLFG’.

Key milestones:

2003: Deal with BNP Paribas
2005: UK branch opened
2009: Expanded to Asia with a branch in Singapore
2011: Released first ESG report
2016: Authorization for WOFE
2018: Acquired Finametrix
2019: Acquired Credit Suisse InvestLab and expanded to Latin America
2020: Opened new offices in Hong Kong, Paris, Warsaw and Miami; launched AllSolutions and Allfunds Blockchain; acquired instiHub, Mainstreet and WebFG
2021: Shares listed on Euronext Amsterdam
2022: Entered UAE; acquired FE Fundinfo Research
2023: Announced a share buyback program of up to EUR 100 million
2024: Completed share buyback program; reached €100bn in assets under administration in the UK; appointed Luis Berruga as Senior Advisor; to launch a new white label platform

Share Information

As of September 26, 2024, Allfunds' share capital was divided into 610,622,256 ordinary shares with a nominal value of €0.0025 each. The shares are listed on Euronext Amsterdam under the ticker symbol ‘ALLFG’ and ISIN code GB00BNTJ3546.

The shareholder breakdown is as follows:

LHC3 Limited: 35.4%
BNP Paribas Group: 12.5%
Treasury shares: 0.1%
Free float: 52.0%

Operations

Allfunds Bank, S.A.U. is regulated by the Bank of Spain under number 0011. Allfunds is the indirect shareholder of Allfunds Bank, which holds the banking license and operates as a regulated financial institution. The company operates as an overseas company in the UK. Allfunds opened its UK branch on March 1, 2006. Allfunds achieved €100bn AuA milestone in UK in April 2024.

Governance

Allfunds Group plc is the parent company of the group, and is based in the UK. Although each company has its own governing bodies and internal rules, the governance of their boards of directors is consistent, well-integrated and aligned through an adequate and efficient flow of information.