Vestra Wealth provides customised wealth management advice across all asset classes and presently manages in excess of GBP2.4 billion of total assets.
Neil Greenwood, head of operations at Vestra Wealth said that the service provided by Cofunds will include specialist fund dealing, settlement and sub-custodian services that will simplify the amount of in-house processing the firm must perform, thereby reducing costs and improving reporting for Vestra.
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The collaboration with Cofunds "will enhance the service that we are able to provide to our clients," added Greenwood.
Christopher James, Director of Institutional Services at Cofunds, said, "We look forward to offering Vestra Wealth a fully automated fund solution for their institutional business model. Through a combination of robust technology and expertise we will demonstrate the real value of our top quality service to Vestra Wealth as our partnership with them develops."
The UK-based independent investment platform, Cofunds provides a platform for advisors and other financial institutions, with assets under administration in excess of GBP34 billion. Authorised by the FSA, it does not offer investment management or advice but serves advisors, fund managers, institutions and their clients.
Based in UK the wealth manager Vestra Wealth was set up in 2008 by former UBS banker UBS banker David Scott to provide wealth management service to private clients, companies, charities, trusts and financial intermediaries.
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