Wealth manager Charles Stanley has appointed Allfunds as a funds platform provider to make use of features not currently supplied by its existing platform provider Cofunds.
Charles Stanley has used Cofunds for around four years, but said it is not able to hold assets in non-sterling denominations. As a result, the group decided to take on Allfunds as an additional platform to provide this feature to its clients. The wealth manager also cited its ability to provide a single legal agreement for transacting the huge number of funds on its platform, and to provide segregated accounts to wealth managers - an area that is seeing growing demand. There are no plans to end its deal with Cofunds. Allfunds recruits UK head following Mohan exit Christopher A...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
