IFA develops trading algorithm with philanthropic twist

Donated more than £1,000 to cancer charity

Jenna Brown
clock • 2 min read

Woodward Financials has developed a trading algorithm with a philanthropic pledge to give 50% of all gains to charity.

Victoria's Promise, which supports young women with cancer, received £1,040 after algorithm creator and Woodward Financials managing director David Woodward picked it as his chosen charity. Woodward used his algorithm to invest £1,000 of his own money. It made 32 profitable trades which netted more than 200% with zero losses. The profits from the endeavour, £1,040, were then handed over to the worthy cause. Victoria's Promise is a non-profit charitable organisation that supports young women who are facing a cancer diagnosis. The charity aims to instil a sense of empowerment and fortit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Protecting the vulnerable: Why economic abuse belongs on every firm's agenda

Protecting the vulnerable: Why economic abuse belongs on every firm's agenda

'Economic abuse thrives in silence'

Alexandra Roberts
clock 07 January 2026 • 5 min read
Verso Group acquires Midlands-based Chartered financial planning firm

Verso Group acquires Midlands-based Chartered financial planning firm

Everlong Wealth Limited has a team of 12

Sahar Nazir
clock 07 January 2026 • 1 min read
Government policy tops adviser concerns as firms focus on client retention

Government policy tops adviser concerns as firms focus on client retention

According to survey by TFAS Compliance Services (TCS)

Sahar Nazir
clock 07 January 2026 • 2 min read