Cofunds adds GAM DFM range to platform

The discretionary fund management offering will be made available immediately to the platform's 7,000 adviser firms. The GAM funds will see assets pooled in a collective fund structure, meaning the investment will not be subject to VAT. In October, HM Revenue & Customs announced it would be consulting on whether DFMs would incur VAT, following a landmark European ruling. Firms will also be able to access adviser-branded, client-level reporting. "This is a fantastic tie-up for us because at the same time as complementing our existing solutions in this area, it gives us the opport...