The chief executive of Novia, Bill Vasilief, expects the assets on the Bath-based platform to rise by 20 per cent in 2019, driven by the woes of rival platforms. Novia’s most recent set of results showed...
The assets on the Cofunds platform fell by £8.5bn in the 2018 calendar year, making it the platform with the biggest net losses in the period. Data compiled by Fundscape, showed almost all platforms lost assets...
The second quarter kicked off with a bang. Stock markets were on the rise and one ISA season was coming to its feverish close while another was just beginning. The UK’s ongoing economic recovery, shock budget announcements and the lead up to the world cup also provided that all-important feel-good factor that helps to drive investment.
Total platform assets under administration rose by £14bn to £317.3bn, a rise of 5% on the previous quarter, while new records were set for sales. Gross sales for the first three months of the year totalled £21.2bn, up 19% on like-for-like sales in 2013, and net sales rose by 21% to £11.0bn.
To download the full press release click here.
Click here for the Pridham press release for the fourth quarter of 2011.
Click here for the Platform press release for the fourth quarter of 2011.
Click here for the Distribution press release for the fourth quarter of 2011.