Cofunds hits £45bn assets under administration milestone
Financial services platform Cofunds announced today it has reached £45bn assets under administration.
The platform, which started the year with £36bn assets, has benefitted from strong sales across all three of its core propositions: Investor, Wealth and Enterprise.
Cofunds also secured new institutional clients, among which independent stockbroker Arnold Stansby.
“We’ve continued to grow steadily throughout this year in what have been extremely trying market conditions. The steady stream of mandate wins across both wealth and enterprise segments bear testimony to our robust business model and our commitment to enable our clients to do more, more easily,” said chief executive Martin Davis.
Speaking today at the Investment Strategies for 2013 conference in London, Davis added that over the next months, efforts will made to ouline a programme of significant platform developments, as well as addressing the smaller issues that clients have fed back.
“In 2011 we said we’d launch our Explicit Pricing Model with clean share classes to deliver true transparency for end-investors, and that’s precisely what we did. That clarity of direction and purpose means that we’re in good shape today, but we’ve got to keep building on those strong foundations and investing for the future,” he said.