Cofunds is launching a discretionary fund management (DFM) service for its clients in response to demand for a more diversified range of services.
The investment platform, owned by Legal & General, has already piloted the new project with a number of firms. It will allow advisers to work with the chosen investment managers that best suit their clients. The investment manager will have access to the investor's accounts on Cofunds and can use tools that assist with maintaining, rebalancing and reallocating portfolios. Cofunds head of proposition and product Martin Wigginton said: "We are committed to supporting intermediaries and their clients. "Our new service allows end investors to have access to a high level of investme...
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