Cofunds, the leading independent platform for financial planning, held its position as the highest selling platform for the fourth consecutive quarter in Q1 2010, with a 9% rise in sales compared to the previous quarter (Q4 2009). It also realised the largest growth in assets (11%) of the 10 platforms surveyed.
Cofunds saw sales increase by an impressive 95% in Q1 year on year (Q1 2009 sales compared to Q1 2010) enabling it to take one third (32%) of the market by total sales, according to the UK Fund Sales Report by Lipper FMI, a Thomson Reuters company*
Alastair Conway, Sales and Marketing Director at Cofunds said: “It is thanks to the unwavering support we have received from advisers that we have been able to increase sales so substantially, finishing Q1 with figures 30% higher than our competitors.
“Our proposition is driven by the principle that if advisers thrive in their business, we thrive. It is with this in mind that we try to listen to the needs of our users and act to enable them to carry out financial planning in the easiest possible way. In response to adviser demand we have launched the Cofunds Pension Account in the last quarter, as well as a range of financial planning tools. With more developments in the pipeline this year, we’re committed to delivering the support advisers look for and need from their platform.”
* The UK Fund Sales Report is a confidential publication to which participating groups provide their actual data. Circulation is restricted but the figures quoted in this press release are reproduced with Lipper FMI’s approval.