London 19 December – The Global Returns Project (GRP), a UK registered charity helping investors tackle climate change, today announces its new partnership with GrowthInvest, the independent technology platform that simplifies alternative investments for advisers and their clients in the tax efficient investment space.
In the first phase of this partnership, GrowthInvest will start introducing GRP’s Portfolio of not-for-profits to their network of advisers and fund managers. Advisers will be able to offer the Global Returns Portfolio to individual clients, while fund managers can contribute to the Portfolio from the fee structure of investment products or at the firm level.
The “Global Returns Portfolio” is curated by GRP and is a selection of the most diverse, effective and scalable not-for-profits in the world dedicated to tackling the Climate Crisis. Selection of the Portfolio’s constituents is overseen by GRP’s Technical Advisory Board, a panel of world-class climate scientists, who assess and review not-for-profits on a regular basis. The Portfolio is designed like a fund, making it easy for individuals to contribute alongside their investments. As a charitable donation, such contributions also come with tax benefits for certain individuals.
GRP’s integration into the GrowthInvest platform is set to evolve over the coming months in various ways. GrowthInvest’s soon-to-be-launched new website will include a dedicated portal for the Global Returns Project, providing advisers with all the resources necessary to introduce their clients to the Portfolio. Additionally, GrowthInvest will seek to offer more bespoke integrations into their platform over the next few months, such as a ‘tick box’ option for users to contribute to the Global Returns Portfolio.
Daniel Rodwell, Chief Executive of GrowthInvest, said:
“We are very excited at the opportunity to partner with GRP to significantly improve the adviser and investor ESG journey.
“At GrowthInvest we pride ourselves on cutting edge technology combined with first class services across the spectrum of tax efficient and alternative investments. Whether it is driven by new client demand, new regulatory requirements, or increased media scrutiny, ESG and sustainable investing are part of every conversation we have with financial advisers and fund managers in our network and beyond. This partnership comes at a pivotal time, enabling us to simplify our users’ ESG journey and make it seamless as our platform continues its sharp growth trajectory in the coming year.”
Steve Dobson, Head of Investments at GrowthInvest, said:
“At GrowthInvest we’ve long supported the push of climate change and sustainability focussed funds and helped promote education in the space. Our strategic partnership with Global Returns Project further endorses our commitment but brings a new and equally important angle that we and our clients and funds can make a difference.”
Jack Chellman, Chief Project Officer at the Global Returns Project, said:
“GRP’s integration into the GrowthInvest platform is a key step towards facilitating effective conversations between advisers and their clients about rethinking investment strategies to include an impactful and diverse climate mitigation action. Both clients and regulators are raising the bar for the quality of sustainable investments, which is why there is a need for innovation in the industry to meaningfully address climate change in a changing investment landscape. Supporting climate not-for-profits as an integral pillar of a holistic sustainable investment strategy is one such innovative approach, which truly regenerates the planet.”
This announcement is the latest in a series of partnerships with various financial institutions and trade bodies established earlier this year, including PIMFA, Pangea Impact Investments, Southam Financial Planning, ESG Accord, Octo Members and Overstory Finance.
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NOTES TO EDITORS
About the Global Returns Project
The Global Returns Project is a UK registered charity (no. 1186683) helping individuals, wealth managers, asset managers and businesses embrace truly regenerative finance.
GRP directs 100% of contributions to the not-for-profits comprising the Global Returns Portfolio, with no deductions. The Trustees and a number of charitable trusts, foundations and individual donors fund our operating costs.
Clients who contribute annually to the Portfolio receive detailed six-monthly impact reports, along with their advisers and any participating fund managers. Advisers who partner with the Global Returns Project decide which of their clients to approach about the Portfolio. Clients decide how much to contribute – most start at an annual contribution of 0.25% of savings and investments. Contributions by UK taxpayers may be eligible for Gift Aid and tax deductibility.
GrowthInvest is a fast-growing UK-based adviser platform, specialising in tax efficient and alternative investments. This growing market is becoming increasingly important to advisers and their clients and is under-served by incumbent main market platforms. The technology is built around specialist knowledge of the UK tax efficient investment industry and wider Private Markets sector. Clients benefit from digital investment access to EIS, VCT, IHT and Private Market products, alongside the ability to onboard historic client portfolios, thereby enabling centralised portfolio reporting across all alternative assets.