Cofunds was the largest UK adviser platform in Q3, in terms of assets under administration (AUA), and has since become the first £60bn fund platform in the UK.
Figures from the Platforum show Cofunds held approximately £58.3bn in AUA by the end of September, representing an 8.53% increase on the second quarter.
Cofunds alone accounted for 24% of the £247.3bn in AUA collectively held by UK adviser platforms in Q3.
Fidelity's FundsNetwork was the second largest platform, with £45.9bn in AUA, followed by Skandia with £27.5bn.
Nucleus was the fastest growing platform in the three months ending September as AUA rose 8.84% to reach £5.9bn.
Chris St John to take over £3bn UK Select Opps
The majority of financial advisers (85%) believe the number of self-invested personal pension (SIPP) providers will continue to fall in the coming year, according to Dentons Pension Management research.
Short-term noise or something sinister?