Cofunds has moved a step closer to supporting fee-based advisers by improving its cash account facili...
Cofunds has moved a step closer to supporting fee-based advisers by improving its cash account facilities. The platform is currently trialling fee systems with a number of intermediary firms and expects to roll the upgraded account out fully next year. Cofunds originally introduced the account last November as the group felt it was vital to bridging the gap between a supermarket and a wrap. Dick Eats, communications consultant for Cofunds, said: “Advisers can set up a cash account attached to the client so they can buy funds but leave a small sum to pay fees, dividends and commission r...
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