B Corp investment manager seeks stability for clients through Third Financial

18 Jul 2023

Boutique investment house, Downing Fund Managers, a division of Downing LLP, has become the latest client of investment platform Third Financial.

Downing Fund Managers aims to provide diversification and independence of investment that is quite different to the mainstream. It seeks to provide investment solutions and funds that allow investors access to mandates that do not follow the herd.

The initial phase of the partnership sees Third providing its technology and custody service to support Downing Fund Managers Alternative Investment Market (AIM) Inheritance Tax (IHT) business line, meaning it will administer around £100 million of assets. The parties are committed to exploring further areas of cooperation when the onboarding of this business completes this month.  The move signals Downing’s commitment to stability and integrity while taking advantage of Third’s leading position in the investment platform market.

Judith MacKenzie, Head of Downing Fund Managers, comments: “As investment managers, we think a lot about risk – and our new partnership with Third represents our commitment to operational excellence and stability. It also provides us with Third’s excellent portfolio management system and a clear technological roadmap to address changing client needs and opportunities. We were particularly impressed with Third’s ability to deploy the platform and migrate all our clients and assets in a controlled manner and within a short time frame”.

Third’s Investment Platform service streamlines and automates operational processes and provides oversight of the entire investment lifecycle to better mitigate risks through one single system for all clients.

Ian Partington, Third’s Group CEO, says: “To have earned the trust and recognition of a firm such as Downing means a great deal to us and we’re pleased to provide them with our market-leading technology, operations, and customer service to help them provide better outcomes for their clients.”


This announcement has been reported in the following publications:

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