The maze of financial products and planning strategies can seem bewildering at times. Furthermore, as your circumstances change your financial goals will change and your investment decisions will need careful review to ensure they are still appropriate.
Cofunds is the UK’s leading independent fund platform, providing an award-winning fund administration service to wealth managers such as Cockburn Lucas. Cofunds gives you the opportunity to diversify your investments across a wide range of products and funds, making investing easier than ever, and is the platform of choice for our clients’ purchasing collective investment funds.
1ST Software is recognised as the Customer Relationship Management system of choice, and provides us with state of the art administration and reporting software linked directly to our fund dealing platform partner, Cofunds. These two providers of financial services technology are, in effect, the heartbeat of the ‘Wealthmaster service’, enabling us to deliver a safe and secure financial advisory service to our clients, 24 hours a day, wherever they may be in the world.
The Benefits of Wealthmaster
We believe our Wealthmaster service offers the following benefits:
- A convenient, single account view of all your fund investments and strategies.
- Easy investment tracking, with one consolidated valuation statement, issued twice yearly, and the ability to receive instant valuations across your portfolio at any time, 24 hours a day.
- Significantly less paperwork to complete and receive, as collective investments are maintained by one centralised dealing administrator.
- Hundreds of investment funds available for buying or switching, so that your portfolio can be quickly and easily rebalanced to suit your changing investment objectives and market-driven events.
- No need to pay any additional charges for the Cofunds service, as the usual fund management charges will apply and will be accounted to you in our reports and advice, and discounted, where possible, due to our bulk buying and increased efficiency.
The Wealthmaster Way
One application form, one payment, one statement, many fund options…
In a nutshell, investment platforms enable us (your adviser) to place a selection of funds, from many different fund providers, into one consolidated portfolio. Cofunds greatly simplifies the whole process of investing: with online access, powerful consolidation tools and back office integration, Cockburn Lucas is able to spend far less time on administration, and more on developing our business and servicing your financial needs and requirements.
The old way
- Client portfolios managed by dealing with each fund management company separately.
- Different application forms, separate payments, different client statements and multiple portfolio valuations needed.
- The more you diversified into different funds and different fund managers, the more complicated the whole process became.
- A very paper orientated administrative process.
The Wealthmaster way
- Using the Cofunds award-winning website, portfolios can be constructed and managed in one place by accessing its extensive fund range, portfolio analysis and construction tools.
- One application form, one payment, one client statement.
- A massively simplified process resulting in reduced administration for us and a better service for you, the investor.
- Optional on-line access allowing investors to view their portfolios.
