Cofunds has announced it has hit the £40bn assets under administration (AUA) milestone.
The platform, which started the year with AUA of just under £36bn, said the landmark figure was reached after it saw gross inflows of £3bn during Q1 - a 28% increase on the previous quarter. "To continue to grow steadily in what are trying market conditions is testimony to our robust business model and our commitment to enable our clients to do more, more easily," said CEO Martin Davis (pictured). "We've had a good start to the year by hitting the £40bn AUA milestone, having our financial strength upgraded by independent actuaries AKG from B ‘strong' to B+ ‘very strong'and winning so...
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
