M&G Wealth has added the full PruFund range of funds to its M&G Wealth Platform.

M&G Wealth says it is the first time these funds have been offered in full on any investment platform.  

The move will mean a wider choice of funds on the platform.

The funds being added are: PruFund Growth, PruFund Cautious and five Risk Managed PruFunds.

The funds will be available as investment choices on the M&G Wealth Platform through ISA, JISA and SIPP tax wrappers.

The PruFund Planet range of funds launched on the platform in July 2022.

PruFund is a range of advised-only smoothed multi-asset funds. It aims to achieve a total return from income and capital over the medium to long-term (at least five years), while protecting investors from some volatility using a smoothing process.

The PruFund range has over £58 billion invested in it by more than 450,000 customers.

The M&G Wealth Platform has £15.6bn in assets under administration. It supports 2,000 advice firms and more than 100,000 private investors.

David Montgomery, managing director of M&G Wealth, said: “Today’s launch is an important step towards M&G Wealth’s ambition to become a leading provider of innovative wealth solutions.”

M&G Wealth is part of M&G plc. It has four main parts, M&G Wealth Advice, M&G Wealth Platform, M&G Wealth Investments and M&G Wealth Distribution. 

M&G Wealth launched a hybrid advice business – ‘MAP your future’ – in 2021. At the start of 2022 M&G plc completed the acquisition of wealth manager and Financial Planner Sandringham Partners.

In August 2022 M&G took an initial 49.9% stake in National IFA Continuum Financial Services with the aim of acquiring the business fully by 2024. In January 2023 M&G Wealth announced the launch of ‘&me’, an investment app in partnership with robo adviser Moneyfarm.