GAM to offer DFM on Cofunds
GAM has announced that its recently launched discretionary fund management (DFM) offering for the UK adviser market is now available on financial services platform Cofunds.
GAM’s DFM service, launched last year, provides access to five risk-rated models catering for a range of risk/return profiles in a fund structure. It’s available with immediate effect to the 7,000 adviser firms which use Cofunds.
Through Cofunds, investors can access GAM’s portfolio management services with assets pooled in a collective structure in a cost effective way, even for smaller investment amounts. Accessing GAM’s DFM offering in this way means the investment is not subject to VAT.
Michelle Woodburn (pictured), Cofunds head of fund manager relations said: “I make no bones about it. This is a fantastic tie-up for us because at the same time as complementing our existing solutions in this area, it gives us the opportunity to showcase the incredible added value that detailed, robust and scalable MI handling and interrogation can offer advisers and their clients. GAM’s impressive DFM offering is a great way to bring that to life.”