Russell Investments has hired Cofunds and Intelliflo as preferred partners for its wealth management service for financial advisers, reports FT Adviser.

Russell Investments wealth management programme head Nick Rosenblatt said that the duo was selected on the basis of a comprehensive selection process.

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Cofunds has been appointed as the service’s preferred platform provider.

Intelliflo has been named the service’s technology provider. This will lead to the creation of a customised adviser hub with client relationship management functionality, financial planning tools, a client portal as well as client servicing help.

Rosenblatt commented, "Both partners will help our clients do their job ever more productively and effectively, and allow them to maximise the time they spend advising and working with their own clients."

Last week, Cofunds announced partnership deal with Intelliflo. The tie-up of the two firms aims to deliver advisers two-way integration with its web-based business management system Intelligent Office.

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