Through the solution, customers will have access to all the information needed to adapt to the regulatory requirements brought by Mifid II.
The search can be conducted using three criteria: type of client, type of service and cost.
The tool will allow distributors to ensure that distribution conforms to the parameters set by each class and the investment services defined by various regulators.
Within the Allfunds portal, distributors have access to a consultation solution of more than 80,000 funds by share class, in which they will be able to consult the available classes and the information necessary for choosing the most appropriate one.
Allfunds’ chief executive, Juan Alcaraz said: “The Share Class tool is a unique solution created by Allfunds Digital to help our clients within the Mifid II context. We identified this relevant problem for distributors and we worked hard to have this valuable tool for them, enabling and facilitating mutual fund distribution in a digital ecosystem. Through our online portal, clients will have access to an all-in-one solution to meet their regulatory requirements.
“We are focused on providing our clients cutting-edge technology to help streamline day-to-day activity while being compliant with the Mifid II requirements. I am very pleased that Allfunds launched this digital solution to help give clients access to all the data they require while keeping costs low and enabling digitalisation.”
Range of solutions
The Share Class tool will join other solutions within the Allfunds’ regulatory hub range, such as:
- EMT Lookup: European Mifid template of more than 80,000 funds;
- Profitability scenarios via the EPT (European Priips Template) of 50,000 funds; and
- Before and after cost reports, customised in advance with clients’ identity, which can be adapted according to needs.