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.
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