This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+101214

Vestra may transfer £500m to Cofunds

  • Print
  • Comment

Vestra Wealth is in discussions to transfer up to £500m of institutional clients’ assets from Fidelity FundsNetwork to Cofunds, Money Marketing understands.

Vestra Wealth has an exclusive contract with Fidelity FundsNetwork for platform services and in October, FundsNetwork made Vestra the first discretionary manager on the platform.

But a Cofunds spokesman says it is in talks with Vestra to take on some of its clients. He says: “We are in early discussions with Vestra Wealth about representing its clients on the Cofunds platform.”

A Vestra Wealth spokeswoman says: “We might have talked to Cofunds and met with them but we are currently with Fidelity. We are not anywhere near having a contract with Cofunds.”

Fidelity declined to comment, stating it does not comment on speculation.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Two years on from the RDR, do you think consumers are better off as a result?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments