AJ Bell named 'good fit' for potential Cofunds acquisition

Exclusive talks with parent L&G

Laura Dew
clock • 2 min read

A potential acquisition of Cofunds by AJ Bell would "make commercial sense", according to leading platform commentators.

According to sources, AJ Bell has agreed a four-week exclusivity period as it bids to acquire Cofunds' retail arm from owner L&G. L&G paid £131m to take full ownership of the platform in 2013, buying out the shares of Threadneedle, Jupiter, Prudential and Newhouse Capital Partners to increase its stake from 25% to 100%. However, it was then reported to have put the platform up for sale in June 2015, just over two years after the acquisition. Platform commentators said a bid now by AJ Bell, which has £26bn in assets under administration, would be a "sensible move" as it wants to grow i...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

US broker Robinhood set to launch fee-free ISA in the UK - reports

US broker Robinhood set to launch fee-free ISA in the UK - reports

Central to GameStop saga

Linus Uhlig
clock 21 May 2025 • 2 min read
AJ Bell adopts Amundi Technology's automated portfolio management system

AJ Bell adopts Amundi Technology's automated portfolio management system

Integrating Amundi's Alto into existing operations

Beth Brearley
clock 15 May 2025 • 1 min read
Platforms throw spanner in the works for Woodford as portfolio upload function not allowed

Platforms throw spanner in the works for Woodford as portfolio upload function not allowed

After teased launch of a portfolio platform

Cristian Angeloni
clock 12 May 2025 • 5 min read
Trustpilot
Loading page