Cofunds to offer access to DFMs for first time

Cofunds is to provide its adviser users with access to a range of discretionary fund managers (DFMs) via the wrap for the first time.

More details, including about the DFM partners that will list on Cofunds, will be announced next month, sales and marketing director Alastair Conway said. The platform joins fellow fund supermarkets Skandia and FundsNetwork in offering DFMs. The latter launched a DFM service in October last year. Conway said the tie-ups would offer benefits to advisers and DFMs in a number of ways. "We recognise that DFM models are gaining good traction, and some adviser firms are absolutely dividing up the financial planning piece from the investment piece," he said. "We'll work out how we'll s...