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. What price Cofunds? L&G's platform sale under the microscope 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 servi...
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