Bestinvest has mandated BNP Paribas Securities Services (‘BNP Paribas’) and Investment Fund Services Limited (‘IFSL’), a wholly owned subsidiary of BNP Paribas, to provide services to its new OEIC, IFSL Bestinvest Multi-Asset Portfolio. BNP Paribas will provide fund accounting, administration and custody services, in addition, IFSL will provide fund hosting services via its role as ACD.
Bestinvest, a wealth managing company, was founded in 1986. The business has grown to include discount broking, together with advisory and full discretionary advice propositions, all backed by its proprietary research and complemented by financial planning services.
“BNP Paribas’ administrative expertise and support has enabled Bestinvest to launch its fund efficiently and effectively to the market,” says Martin Ratcliffe, general manager at Investment Fund Services Limited. “We look forward to supporting Bestinvest in its impressive growth plans and continued success in the performance of this, and future funds.”
“An OEIC structure provides an ideal home for our new investment management offering and the combination of BNP Paribas with IFSL provided the ideal solution for the fund hosting and associated services,” says
Hugo Shaw, business manager at Bestinvest. “The launch of IFSL Bestinvest Multi Asset Portfolio is an exciting time for all involved and we look forward to the opportunities this partnership will bring.”