Pictet Asset Management, Quilter, Stewart Investors, WHEB Asset Management, and Tortoise have now joined the cross-industry partnership which aims to revolutionise the way UK retail investors engage with investing by building a service which encourages and rewards positive impact.
In addition, Jill Jackson is joining The Big Exchange as Managing Director from Aberdeen Standard Investments (ASI) and will lead the business through launch phase and beyond. At the same time, Chris Ralph, Chief Investment Officer of St James’ Place Wealth Management, is joining as Chairman of The Big Exchange Investment Committee. Chris’s role is to lead the Investment Committee, focusing on funds that deliver competitive performance, value for money and positive impact to people and the planet.
3D Investing and Square Mile Investment Consulting and Research will also join The Big Exchange as partners in delivering the fund selection process. 3D Investing have worked in tandem with The Big Exchange to build a unique impact assessment methodology which integrates a number of key metrics that will allow customers to frame their impact in relation to the United Nations’ Sustainable Development Goals. Square Mile Investment Consulting and Research will provide analysis of the value and performance of the funds and are providing the framework for the risk rated fund bundles available to investors. Herbert Smith Freehills have also joined to provide advice pro bono, underneath the banner of their global impact investment and social finance practice, HSF Impact.
Launching the impact investing proposition is only phase one of an ambitious project. The Big Exchange, driven by the same mission as The Big Issue Group, dismantling poverty through creating opportunity, will make not only impact investing but also ethical financial services available to all through a simple, accessible, mobile-first interface. The ultimate objective is a complete blockchain-based financial ecosystem that works for everyone.
Customers will be able to choose from ready-made bundles or individual funds filtered by risk or by impact focus and track both performance and impact through the app. Funds will be offered at a price which will be amongst the lowest in the market.
The Big Exchange will also offer high-quality educational material, information and tools to support customers through their journey. The impact that each user creates will be recognised through a unique digital social passport and token system.