Inflows make Omnis seventh biggest net retail seller in second quarter.
Latest milestone comes “at a time when investors remain uncertain about the country’s economic and political prospects”, says joint managing director.
Nationwide currently has £8bn of assets managed through the online investment service.
One of the larger platforms confirmed that transfers from Cofunds onto its platform had jumped this year
One of the larger platforms confirmed that transfers from Cofunds onto its platform had jumped this year.
Research suggests advisers’ business on platforms could stall if Cofunds deal triggers a lengthy period of consolidation.
Analysis & Opinion
The Aegon/Cofunds deal could be brilliant news for advisers provided the right investment is made, Charlotte Richards says.
Providers are far from dead but perhaps the age of most “traditional financial services providers” trying to be all things to all people is over.
Aug 15, 2016
Fundscape boss says investors “lost their nerve” in the final weeks before the Brexit vote and cashed out.
Aug 11, 2016
Platform’s business development director says asset managers are at a “huge structural disadvantage”.
Dutch insurer confirmed all assets will be shuffled over to GBST.
From Your Industry| Aug 09, 2016
The firm’s assets under administration are up 7 per cent to £328bn against 2015’s figure of £307.4bn.
Aug 08, 2016
Platform sector is at a “critical juncture”, according research.
From Your Industry| Aug 04, 2016
Manager says there has been a barrier to entry into cashflow planning over the past 10 years.
From Your Industry| Jul 29, 2016
Advisory firm still required to pay out, but not as much as client complained about.