Over 4,00 funds will now be accessible at the touch of a button as an investment service for charities goes live.
The Charities Aid Foundation (CAF) today launches the CAF Investment Account – the UK’s first and only secure, digital trading platform designed for charities of all sizes.
Registered charities across the UK and organisations recognised by HMRC as having a charitable purpose, can now apply to gain access to access to the biggest selection of charity-specific investment funds available to buy and manage in one place online.
Charities using the CAF Investment Account will be able to research, manage and trade investments in one place for the first time, building on the existing investment services provided by CAF. There is no minimum investment amount.
It provides access to more than 4,000 funds, including some which are only available to charitable organisations, like Common Investment Funds, (CIFs) and share classes of funds which would not normally be available to small and medium charities. Funds created under the recently announced Charity Authorised Investment Fund structure can be offered as soon as they are available.
Funds from the following managers are available on the account from launch:
- FP CAF
- CAF UK Equitrack
- Sarasin & Partners LLP
- M&G Investments
- Edentree Investments
- Troy Asset Management
Charities will also be able to invest directly in stocks and bonds listed on the London Stock Exchange and other global markets.
Features of the account include a robust online investment service powered by the award-winning investment platform provider Interactive Investor, and mandatory dual authorisation which will help charities comply with governance requirements and minimise the risk of fraud.
CAF, one of Europe’s largest charitable foundations, has more than 30 years experience helping charities to manage their funds.
CAF has a long history of helping charities tackle their financial challenges and we believe there’s a huge amount of untapped potential
John Low, Chief Executive of CAF, said:
“We are excited to be launching the first secure, digital trading platform designed exclusively for charities.
“With interest rates are at record lows, it has become more challenging for charities to maximise the return on money donated by their supporters in order to make a bigger difference.
“CAF has a long history of helping charities tackle their financial challenges and we believe there’s a huge amount of untapped potential for charities to make more use of investments to help support their work.
“Whatever the size of a charity, and however much they have to invest, the CAF Investment Account has been designed to make investing money easy, time-efficient and cost-effective. Charities signing up will have access to the most comprehensive range of charity-specific funds anywhere online.”
Click here to find out more and register your interest in the CAF Investment Account.
New Director Strengthens Quilter Cheviot Charities Team
Quilter Cheviot, a leading investment management firm that forms part of Old Mutual Wealth, has appointed a new Charity Director, Charles Mesquita, as an addition to its charities team.
Charles will join the 10 strong team at the beginning of January, reporting to Head of Charities William Reid.
Quilter Cheviot’s charities division has funds under management of over £1.5 billion of assets on behalf of 643 charities nationwide, making it a leading charity manager in the UK.
Charles has over 30 years’ investment experience and has worked for a number of leading financial institutions, including Newton Investment Management and Investec Wealth & Investment. Among other key roles at these firms, he was responsible for founding and launching the Charities Property Fund with Savills in 2000: the first Common Investment Fund investing in UK commercial property. Over 1,800 charities have invested in it to date with assets of over £1 billion.
In his new role at Quilter Cheviot, Charles will help develop the firm’s specialist charity capability.
Charles commented: “It is an exciting time to be joining Quilter Cheviot. Not only do they have an envious track record of delivering robust performance, but also a strong reputation for helping charities with their investments. Quilter Cheviot retain the ethos that the people you meet are the people managing your portfolio. As a trustee, I am only too aware of the challenges facing charities and the value put on having a strong relationship with someone you can trust.”
William Reid head of charities commented “We are delighted to welcome Charles to Quilter Cheviot as he is well qualified to enhance our capabilities. In light of the significant advice gap in the charities sector, the key to help resolving this is to recruit high calibre individuals who not only understand investment but are in tune with the challenges that trustees face.”
Charles is a trustee of Bowel & Cancer Research, RL Glasspool, a grant giving charity which aims to help people step out of poverty, and PRISM, which helps to promote and to facilitate charitable giving in a flexible and efficient manner. Charles also sits on the board of the Charity Investors Group, a forum promoting a greater understanding of investment within the sector.
Investors should remember that the value of investments, and the income from them, can go down as well as up. Investors may not recover what they invest. Past performance is no guarantee of future results.
£6,000 Raised For Charities Through Business Networking Events
Double Whammy Networking CIC (DW), a social enterprise that organises successful Southend and Castle Point business networking events.
The events focus on effective business networking, but the events are sponsored and at least 60% of the ticket price goes to a ‘charity pot’ to support local charities and good causes.
By the end of 2016, DW had raised a grand total of £6,000 to support 22 different charities and community groups.
Managing director Jill Poet stressed that ensuring quality business networking is always a priority and that, apart from an optional card draw, no fundraising takes place at the actual events. She explained: “I’m a veteran networker myself and I understand the importance of business people being able to attend an event without feeling pressurised to give, give, give.. We just don’t do that, although we often find that excellent long term relationships are established between the business and community sectors. Additionally, our events are ad hoc and there is no joining or membership fee, no commitment to attend regularly, and no requirement to give an elevator pitch. The events are relaxed and ideal for established businesses and start-ups: we make everyone welcome.”
The next event is a networking breakfast sponsored by and to be held at the Arlington Ballrooms in Leigh-on-Sea on 17th January. A basic ticket is just £7.50 including refreshments. £6 from each ticket sold will go towards supporting the SoS Domestic Abuse Project and SAFE (Supporting Asperger Families in Essex)
Booking is essential. Book via this link http://buytickets.at/dwnetworking/73578. Or call Jill Poet on 01702 468387 for more information.