National IFA AWD Chase de Vere has appointed Cofunds as its main platform provider for mass affluent clients.
The firm says the move comes after nine months of due diligence and will see the firm’s “enhanced segment” of clients, with investable assets of between £50,000 and £375,000, supported by Cofunds. AWD already has over £1bn assets with the platform.
AWD continues due diligence for appropriate platforms to service its primary and premier client segments with a decision due in the next few months. Clients with assets of less than £50,000 fall into its primary segment while clients with with over £375,000 are in its premier segment.
AWD director of advisory services Andy Papadopolous says: “Our primary concerns are to ensure the suitability of the advice we provide to clients and that they get the best possible service. We have worked alongside Cofunds for a number of years and have been consistently impressed with the quality of service they provide to us and our clients.”
Jacksons Financial Services managing director Pete Matthew says: “This seems like a sensible move and one which the FSA would be happy to see, as long as the correct due diligence has been carried out.”