AWD confirms trio of client segments as it appoints Cofunds
Firm appoints Cofunds for enhanced segment but says contracts for premier and primary segments still up for grabs.
Advisory firm AWD Chase de Vere has appointed Cofunds as the main platform provider for its enhanced client segment, one of three categorisations of clients post-Retail Distribution Review which comprises mostly mass affluent clients.
AWD said the enhanced client segment is for customers investing between £50,000 and £375,000. Other client segments include ‘primary’ for investors of up to £50,000 and ‘premiere’ for those investing more than £375,000.
These last two client segments are still undergoing periods of due diligence and the platforms for each have not been selected. However, a
A spokesperson for AWD Chase de Vere told FTAdviser Cofunds would not be the provider for both of these and that it had been discounted for one segment.
Each client segment will have several sub-segments to more precisely address client needs, the firm added.
The appointment follows a nine-month period of due diligence. AWD has worked with Cofunds since 2008 and has more than £1bn of client assets on the platform.
Andy Papadopoulos, director of advisory services at AWD Chase de Vere, said: “Our primary concerns are to ensure the suitability of the advice we provide to clients and that they get the best possible service.”