Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Platform opens wine fund opportunity to wealth managers

Platform opens wine fund opportunity to wealth managers

Wealth managers will be able to create wine portfolios under their own brand through a new product.

The Wine Management Platform (WMP) has been created by UK-based e-commerce platform www.wineowners.com and offers a wide range of metrics incorporating pricing on 160,000 wines.

Through WMP client portfolios can be created across multiple cellars and jurisdictions and include a facility allowing high net worths to trade wines. 

The challenges associated with self-directed trading by orchestrating settlement between counterparties, inspections and all logistics are handled by Wine Owners

Wealth managers also have access to administrative functions which highlight account activity.  

Wine Owners said it had launched the product on evidence of high net worth investors wanting to keep a 'noticable' element of their wealth in wine assets as both collectors and drinkers.

The firm also highlights how wine as an asset class has outperformed both gold and the S&P 500 over the last seven years.

'Robbie Vann-Adibé, board director at Wine Owners, said: 'No other solution addresses all aspects of fine wine management, inventory tracking and the transactional side of self-directing a wine portfolio.

'Wine Owners is the first platform to cover all these areas in an integrated, comprehensive manner'.

Wine Owners was founded in 2010 by wine enthusiast Nick Martin. The core platform and its white label business manages a combined £300 million in fine wines for more than 10,000 individuals.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter