The Legal & General owned platform said the offering has been created in response to client demand and is now available to all UK intermediaries.
The service allows advisers to choose the investment manager they favour themselves, with the selected DFM being given access to the end investor’s accounts on Cofunds.
The manager can then make use of various tools that assist with maintaining, rebalancing and reallocating portfolios.
It has already been piloted with a number of firms, Cofunds said.
Cofunds claims the end investor will experience “a seamless service delivered through their adviser.”
There will be no charge for advisers for the service. Investors are charged the standard platform fee. It is then up to the intermediary and investment manager to determine the fees they charge the investor.
“We’re committed to supporting intermediaries and their clients,” said Cofunds’ head of proposition and product Martin Wigginton. “Our new service allows end investors to have access to a high level of investment expertise, whilst advisers can remain confident their clients’ are receiving specialised investment support they require”.
