As revealed by Money Marketing last week, Vestra Wealth has signed a deal with Cofunds that will see institutional assets move onto the platform.
The Cofunds’ institutional service will provide specialist fund dealing, settlement and sub-custodian services to Vestra Wealth.
Vestra Wealth head of operations Neil Greenwood says: “Cofunds will introduce significant operational efficiencies in areas including dealing, settlement, custody, and commission processing, which we believe will enhance the service that we are able to provide to our clients.”
Cofunds director, Institutional Services, Christopher James says: “We have a range of services that help our clients to reduce dealing and settlement risk and increase their administrative efficiency. We look forward to offering Vestra Wealth a fully automated fund solution for their institutional business model.”