Cofunds says the agreement is one of a long line of deals which will be announced in the coming weeks.
Chief executive Brett Williams says: “I am delighted that we have reached agreement with Schroders. We are entering an exciting new phase of Cofunds development, especially with the imminent launch of our researched panel of funds and model portfolios through our strategic tie up with OBSR. It is gratifying to have our adviser focused proposition endorsed with this important deal.”
Schroders managing director of UK intermediary business Robin Stoakley says: “We want to make sure Schroders is well positioned for what looks like an exciting future for Cofunds. The deal we have reached will ensure that. It’s an excellent deal for both sides and engenders the spirit of partnership.”