Launched in 2009, in conjunction with OBSR and Distribution Technology, assets within the risk-rated model portfolios have risen from £28m at the end of 2010 to £380m at the end of 2011.
The number of advisers using the platform’s model portfolio options has increased from 351 in 2010 to 5,415 at the tail end of last year.
Verona Smith, head of propositions at Cofunds, said: "Our aim is to make investing easier, so providing streamlined solutions such as outsourced model portfolios demonstrates our commitment to partnering with advisory services.
"The impressive usage results clearly show that many advisers are putting this solution at the heart of their investment proposition for many clients and we expect this growth to continue."
