Cofunds exceeds £30bn AUA milestone
Cofunds, the UK’s leading independent platform, has broken the £30bn assets under administration (AUA) barrier.
This increase in AUA follows on from a very successful past 12 months where Cofunds reached £25bn in April 2010 and consolidated its lead as the highest selling platform for the sixth quarter running in Q3 2010.
Cofunds launched services such as the research and financial planning tools as well as the Cofunds Pension Account over the last year which helped contribute to the c.£7.5bn increase in AUA since 1st January 2010.
Alastair Conway, Sales & Marketing Director at Cofunds said: “Reaching this milestone is a great achievement for the business, which would not have been possible without the endorsement of advisers, who we continue to work with closely.
“We recognise that we need to continue to invest in the platform to maintain our position in the market as we head towards the deadline of January 2013. Our profitability and increasing AUA puts us in a great position to ensure we focus on the heart of our business, enabling advisers to carry out their work more easily.”