Cofunds or Slowfunds (?) but the order is to Growfunds

Allfunds' Holly Mackay says Brett Williams' shock departure has come at a crucial point in platforms' development.

clock

Just as I was thinking the most exciting news of the week was my three month old rolling over, the flashing light on my BlackBerry yesterday alerted me to the departure of Cofunds' CEO Brett Williams.

Big news indeed, and after a relatively short tenure. Surprising news too. No-one I know saw this coming and it remains a bit of a mystery. The press releases issued by big companies about such events are always extremely antiseptic and never tell the true story; neither is it for me to speculate here. I do note however that Charlie Eppinger, former CEO and Chairman (now acting CEO again and clearly supremely well qualified to steer the ship) says that he wants to "accelerate the growth" of the platform. With Cofunds' growth currently running at very approximately 10% per quarter a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Wealthtime signs ten-year deal with Wipro to overhaul platform

Wealthtime signs ten-year deal with Wipro to overhaul platform

The firm will use Wipro's artificial intelligence

Sahar Nazir
clock 01 April 2025 • 2 min read
Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read
Aberdeen's Kenny: 'We need to get our flows into positive territory'

Aberdeen's Kenny: 'We need to get our flows into positive territory'

CDO on service, technology and ‘moving the dial’

Isabel Baxter
clock 13 March 2025 • 4 min read