Broadstone has launched a new investment consultancy for smaller charities.
This new service is designed to help smaller charities that require independent advice on their investments, particularly in light of recent changes to the Charity Commission’s guidance.
These changes urge trustees seek external expert advice if they do not have this financial expertise on their board, while also recommending trustees view their investible assets as opportunities to align with their social impact objectives.
Smaller charities will be able to subscribe to Broadstone’s new service to access a membership of similar organisations. This gives access to a range of tailored services, like town hall events providing training on investments, or workshop groups to support finance teams when drafting policies and updating investment information for accounts.
These sessions are guided by a Broadstone expert and aim to reduce costs by encouraging collaboration and networking growth, while giving smaller charities access to a dedicated, expert consultant when they need advice or guidance.
Members also have access to Broadstone’s investment services at a reduced cost to support smaller charities’ budgets.
Broadstone charities and investment director Rachel Titchen says: “This innovative investment advisory service for smaller charities aims to deliver the support infrastructure charities need without the high costs.
“Subscribing to the service, will mean joining a membership of small charities who are encouraged to work together with access to Broadstone-led initiatives like training and workshops to develop investment policies.This means smaller charities receive a package of cost-effective but tailored services that will help them to meet the CC14 requirement of using expert independent advice.
“A Broadstone investment expert is always on hand to support whenever additional advice or guidance is needed.”
