To continue using this website, please tell us a little about yourself:
I am a financial adviser
I am a discretionary fund manager / multimanager
I am a financial paraplanner
I work in financial services
I am a private investor
What would you like us to do with the funds you've selected
Funds platform Cofunds says it made a post tax profit of £2.3m in 2009.
By Jonathan Boyd, Editor in Chief Wednesday May 26, 2010
Cofunds says it generated £3.5m in cash in 2009 on its way to a post tax profit of £2.3m.
The platform, which is used to distribute and administer about £25bn worth of funds, reports its net assets increased £19.1m in the period. Profitability has continued into 2010, according to chief executive Brett Williams: “Our profitability has also continued into 2010, in part due to the positive response we have seen from enhancements to the platform such as the Research Centre and Cofunds Pension Account, which we have already delivered this year."
“One of our key objectives is maintaining the right balance between profitability and re-investment. We believe this is central to ensuring that advisers can be confident their platform is run by a stable business that will evolve as they evolve. We hope that advisers are reassured to know that Cofunds is now in the position whereby it can maintain profitability whilst continuing to invest in its development and will therefore be around for the long term.”
Follow FE Trustnet
How are you reacting to the recent changes to Stewart Investors’ flagship funds?
Trustnet mobile website
13:00 | Monday, January 20, 2014
Authorised and Regulated by the Financial Conduct Authority
© Trustnet Limited 2015. All Rights Reserved.
Data supplied in conjunction with Thomson Financial Limited, London Stock Exchange
Plc, StructuredRetailProducts.com and ManorPark.com