Fund Platform
Cofunds is the leading independent investment platform for intermediaries with assets under administration in excess of £20.7bn (as at 30/09/09). It is an independent company offering a one-stop platform that provides flexible, reliable and convenient administration and management services for intermediaries and their clients.
Investment platforms enable you to place a selection of funds from many different fund providers into one consolidated portfolio. Cofunds greatly simplifies the whole process of investing, and provides online access, powerful consolidation tools and back office integration.
For details of the services and charges offered by Cofunds, please visit their website www.cofunds.co.uk
Cofunds do not accept business directly from the public, and an Independent Financial Adviser (IFA) must introduce all accounts.
Cofunds send regular valuation data to IPS to keep client records up to date.
If you are an IFA and you wish to open an account for your client's IPS SIPP, the process is as follows:
- Firstly you must be a registered IFA with Cofunds. If you are not, please contact them direct. They will provide you with your Login ID to their website.
- Send an instuction email to IPS (please see contact us) to open a Cofunds account. Please state the name and number of the SIPP client, your Cofunds agent number, the funds and amounts to be invested.
- IPS will complete the account opening process and issue funds to Cofunds within our normal turnaround times.
- You will receive confirmation from us that the account has been opened.
- You will then be able to purchase from cash held with Cofunds, sell to the cash account and switch funds for your client via the Cofunds website, using your usual login ID.
- To withdraw funds from the Cofunds account, you will need to send an instruction to IPS, who will then make the necessary arrangements.