Sales of bond funds were particularly high last quarter on the Cofunds platform, accounting for the top three funds with execution-only clients.

Cautious Managed funds remained the top-selling sector in December accounting for 48 per cent of net sales, according to Cofunds.

Cofunds saw strong growth in the third quarter of 2011 due to a substantial amount of enterprise business onto its platform.

Financial advisers have the opportunity to gain tips on making the transition to fees from Cofunds and tax experts Grant Thornton.