Spring IM launches investment management platform

Posted: 10/05/2022

Spring IM team_may22Jersey-based investment manager Spring IM is launching a digital investment platform to make investment opportunities more accessible for all islanders.

Founders Simon O‘Donoghue and Alfie Greenway established Spring IM late last year to support islanders who want to invest but wouldn’t qualify in terms of wealth with existing on-island wealth management firms. 

CEO Simon O'Donoghue commented: "For too long, investment management has been an exclusive service, not accessible for the vast majority of islanders. We can deliver a service that doesn’t require customers to invest large amounts. 

"With interest rates on savings accounts remaining incredibly low, our solution also provides a viable alternative to a traditional bank savings account or pension, with the option to invest anything from £100 per month."

The Spring IM client platform gives islanders access to their money at any time, while also enabling users to look at how their portfolio is performing and to see any other linked investment accounts they may also hold with Spring IM. 

The client platform also enables parents to set up accounts that can be designated to their children.

"While there are digital investment solutions available in the UK, which islanders are unable to access, there hasn’t been a platform regulated by the JFSC that will allow islanders to invest until now," added Carmen Tyler, Head of Investment Solutions at Spring IM. 

"With assets such as crypto currencies and non-fungible tokens increasingly of interest to many people, we offer a platform that enables islanders to become investors in global markets, and in less volatile assets, resulting in better diversification benefits, risk management and decision-making."

Spring IM is licensed and regulated by the Jersey Financial Services Commission to conduct investment business under the Financial Services (Jersey) Law 1998. Its portfolios include:
• Nine models across three risk profiles
• Multiple currency options of GBP, USD and EUR
• Three additional passive models in GBP
• A five-year performance track record
• Tax-efficient investing for international clients, excluding any exposure to UK, US and French situs assets
• All funds held have HMRC reporting status.

Pictured l-r: Spring IM Head of Investment Solutions Carmen Tyler; Chief Financial Officer Alfie Greenway; Non-Executive Director Carl Corbel and CEO Simon O’Donoghue

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