Ascentric clients gain access to Blankstone Sington's bespoke IHT portfolio service
26 October 2016
Ascentric today announces its agreement with Blankstone Sington, offering advisers on the platform access to its Inheritance Tax (IHT) Portfolio Service.
Blankstone Sington’s IHT Portfolio Service delivers potential benefits by investing in AIM listed stocks that qualify for Business Property Relief. In addition to the dealing efficiencies provided by Ascentric’s LSE membership, such as intraday trading and improved pricing, advisers will be able to create IHT solutions for each individual client.
The new service offers advisers and clients unique benefits, combining the characteristics of a professionally managed fund with the freedoms and structural advantages a private client portfolio brings.
The service offered by Blankstone Sington has a minimum investment of £75,000 and an annual charge of 1% on the first £1m and 0.5% thereafter. The platform charges are 0.25% plus a £9.50 per trade dealing charge.
Commenting on the announcement, Justin Blower, Head of Sales at Ascentric, said;
“This initiative with Blankstone Sington is one of a number of enhancements we have made to our platform to help financial advisers manage their clients’ legacy planning. Through this partnership, clients will have access to a low cost, bespoke IHT AIM service, which utilises our unique dealing offering to provide increased efficiencies.”
Neil Blankstone, Business Development Director at Blankstone Sington said:
“This is a specialist service which is becoming more and more relevant given the increasing number of estates now facing inheritance tax. We are delighted to have found in Ascentric a platform which shares the same dealing philosophy as ourselves as traditional stockbrokers, with the relevant expertise and infrastructure in place to secure added value for the client when executing orders.”
For further information please contact:
020 7506 6791
About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £87.9 billion. Group businesses provide around 9.1 million policies and employ 3,051 people. (Figures quoted are as at 31 March 2016).
Ascentric, IFDL and Fundsdirect are trading names of Investment Funds Direct Limited (IFDL).
Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK’s first online fund supermarket in December 1999. Since that time, the company has built on its reputation as a leading UK fund supermarket to provide Financial Advisers with a Wrap platform under the brand name of Ascentric. It provides a full white label solution for institutional clients requiring bespoke technology and administrative services.
Ascentric is a Wrap platform, available exclusively to financial advisers and offers a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform to provide them with the ability to manage their client’s financial needs in just one place.
About Blankstone Sington:
Liverpool based Investment Managers and Stockbrokers Blankstone Sington were founded by Michael Blankstone along with his business partner Reggie Sington back in 1976. An independently owned, private client boutique, that has not lost sight of the fact that its heritage is firmly rooted in traditional stockbroking, they have evolved into a modern, forward thinking investment manager. As a firm they reflect the same determination, entrepreneurial spirit and “can do” attitude that has cemented Liverpool’s place in the history books.