C Hoare & Co is a private deposit banks with £1.6bn in assets under management.
The assets are a mix of equities, fixed income and collective investments.
Cofunds says that managing a portfolio which contains both funds and exchange listed securities can be difficult as there is no common system for dealing and settlement in funds nor a generally available method for accounting for commissions.
Cofunds Institutional provides a specialist service that is designed to simplify the amount of in-house processing, reduce costs and improve reporting.
C Hoare & Bo head of investment management Diane Mills says: “The Cofunds Institutional service represents a considerable step forward for the bank in the administration of investment funds, and will introduce significant operational efficiencies in areas including dealing, settlement, custody and commission processing.”