Charles Stanley has appointed Cofunds as its fund custodian in a deal which will see £1.2bn of funds moved across to the platform's institutional arm.
Under the partnership, Cofunds will provide specialist fund dealing, settlement and sub-custodian services to the Charles Stanley Group in a move designed to simplify the stockbroker's in-house processing and improve administrative efficiency. "We've long recognised the importance of the institutional market and have for many years been servicing clients of the calibre of Charles Stanley," said Cofunds director, institutional services, Christopher James. "Our institutional offering provides an all-encompassing service meaning that we are able to reduce risk for Charles Stanley as well...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
