Ascentric surpasses £11 billion assets under administration
7 September 2016
Growth in assets on the platform have been the result of an increase in the number of new account applications being received from existing and new advisers, as well as a post-Brexit recovery of stockmarkets.
Commenting on the AUA milestone, Jon Taylor, Managing Director of Ascentric said:
“This achievement is reflective of both our ongoing efforts to enhance our proposition, providing support to our clients, and the environment investors are living in. With an increasing focus on holistic financial planning, advisers are naturally looking at specialist platforms that have the flexibility to allow them to deal with their client’s needs, regardless of how complex they may be.
“Markets are moving at a fast pace and those platforms set to thrive in this environment need to continually adapt to ensure they offer advisers the support and tools they need. The most imminent enhancement to our offering will be the development of a tool allowing advisers to more accurately forecast and visualise the income from a client’s portfolio.”
Recent initiatives undertaken by Ascentric to enhance its proposition for advisers include exclusive access to the Brown Shipley AIM ISA, helping clients manage their tax and IHT planning, and a renewed focus on its in-house dealing capability helping advisers to trade quickly and achieve the best price for clients. In the coming months the business is also looking to develop a tool to help advisers assess the future income from a client’s portfolio.
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About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £83.4 billion. Group businesses serve around 5.3 million policyholders and employ 2,922 people. (Figures quoted are as at 30 June 2015).
The Group is currently moving all of its UK and Ireland life, pension and investment businesses under a new version of the Royal London brand. The Group's independent wrap platform will remain branded Ascentric.
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.
 Figure includes all assets from Investment Funds Direct Limited (IFDL), which supports major partners such as Succession Advisory Services
 as at 8th July 2016