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Cofunds set for January start as it picks team

Cofunds, the IFA fund supermarket, has recruited an IFA sales team of 23 as it gears up for its Jan uary launch.

The supermarket, fun ded with capital from Threadneedle, Gartmore, M&G and Jupiter, was due to start this month but it says it will start “no later than January 22”.

Chief executive Sam Jen sen says the successful app licants will go on a 40-day training programme.

Jensen says the supermarket is expected to have around 200 funds from 24 fund managers. Aside from the four founders, none of the platform&#39s fund prov iders have yet been rev ealed although they are expected to include firms such as Schroders, Invesco and Framlington.

Jensen says: “The IFA support team are there to be the relationship managers for Cofunds. It is a relatively large group and we will be looking to recruit more. We also have some former IFAs as part of the team.

“We are spending a lot on the systems and training for this team to demonstrate our commitment to the IFA.”

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