Fidelity Investment's investment supermarket, FundsNetwork, has broken the £500m mark in sales ...
Fidelity Investment's investment supermarket, FundsNetwork, has broken the £500m mark in sales since its launch in July 2000.
FundsNetwork has also announced two new fund partners, AXA and Close, who are both adding their full range of funds to FundsNetwork, of 20 and 3 funds respectively. This takes the total number of fund providers available on FundsNetwork to 37 and the number of funds to 565.
Dave Cowdell, Marketing Director of Fidelity Investments said: "FundsNetwork is a well-established and trusted name amongst IFAs with the biggest choice of funds and fund providers available on any genuine fund supermarket in the market. We were the first supermarket to launch in the UK catering for the needs of IFAs and have always been committed to developing FundsNetwork - whether it be by adding new fund partners, or improving functionality and service standards - to maintain the loyalty of advisers and their clients."
Fidelity's fund supermarket offers investors and advisers a choice of product wrappers including ISAs, PEPs, and OEICs/Unit Trust accounts. FundsNetwork, is used by more than 71,000 investors, over 47,000 (66%) of whom use the services of an IFA. There are 3,283 IFA firms who have access to FundsNetwork of which 255 have built hotlinks, with a further 13 running their own white label supermarket sites powered by FundsNetwork.
For further information on FundsNetwork, Advisers can visit www.FundsNetwork.co.uk or call 0800 41 41 81
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