Cofunds set to ink execution-only deal with bank

clock

Cofunds is about to sign an execution-only deal with a bank as the platform looks to gain further traction in the investor space.

The imminent tie-up, which will enable the bank to provide an execution-only platform service to its customers, marks the first deal of its kind for Cofunds in a move it hailed as a "substantial step forward". Cofunds sales and marketing director Alastair Conway (pictured) said: "We are very excited by this deal - this will be a substantial step forward in terms of working with banks and establishing a dialogue with them." The deal will see the bank, which Conway described as a "large player in the investor space", offer a Cofunds-powered execution only platform to customers under its...

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

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read